Market Stability Amid Volatility: Sensex Ends Flat; Nifty Holds Steady at 21,930

Ira Singh
Khabar Khabaron Ki,07 Feb’24

The domestic equity market indices ended on a flat note in the highly volatile session on Wednesday ahead of Reserve Bank of India’s monetary policy decision to be announced on February 8.At close, the Sensex was down 34.09 points or 0.05 percent at 72,152.00, and the Nifty was up 1.10 points or 0.01 percent at 21,930.50. About 1932 shares advanced, 1339 shares declined, and 60 shares unchanged

Stocks and Sectors

State Bank of India, Grasim Industries, JSW Steel, HDFC Life and Axis Bank were the top gainers on the Nifty, while losers included Tech Mahindra, Power Grid Corporation, Infosys, Adani Ports and TCS.

On the sectoral front, PSU Bank, metal, power, pharma and realty up 0.5-3 percent, while Information Technology index shed 1 percent. BSE Midcap index rose 1.3 percent and Smallcap index added 0.4 percent.

On 07 Feb’24,the Indian rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday, supported by positive domestic equities.Moreover, the weakness of the American currency in the overseas market also aided sentiments, according to forex traders.

Experts Take:
Market experts have recommended seven stocks to buy for Wednesday-Zensar Tech, Poonawalla Fincorp, DCX Systems Ltd, LTIM, MRPL, Vascon Engineers and Petronet LNG.