Market Bounces Back, Nifty Near 22,200 Mark, Sensex Gains 305 pts

Ira Singh
Khabar Khabaron Ki,27 Feb’24

The domestic equity market indices closed on a higher note on Tuesday, amid buying seen in the auto, capital goods, IT and realty names.At close, the Sensex was up 305.09 points or 0.42 percent at 73,095.22, and the Nifty was up 76.30 points or 0.34 percent at 22,198.35.

Tata Motors, TCS, IndusInd Bank, Power Grid Corp and Sun Pharma were the top gainers on the Nifty, while losers included Hero MotoCorp, Bajaj Finance, SBI, Divis Labs and UPL.

On the sectoral front,auto, Capital Goods, Information Technology, Pharma, Realty up 0.5-1 percent each, while Oil & Gas index was down one percent. BSE Midcap and Smallcap indices ended marginally lower.

Rupee Close:
On 27 Feb’24,the Indian rupee closed almost flat at 82.89 against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency.According to forex analysts, the Indian currency resisted a sharp fall due to robust equity market sentiment and a weaker dollar even as investors kept an eye on domestic and global macroeconomic data to be released this week.

Trading Guide:
Experts recommend eights stocks to buy or sell for Tuesday -TVS Motor, HFCL, L&TFH, CUB, HUDCO, CDSL,Gujarat Fluorochemicals, and SONACOMS.