Market Slide;Sensex Dips, Snaps 3-Day Rally; Nifty Below 22,500

Ira Singh
Khabar Khabaron Ki,02 April’24

The domestic share market indices snapped a three-day winning streak to close marginally lower on Tuesday. At close, the Sensex was down 110.64 points or 0.15 percent at 73,903.91, and the Nifty 8.70 points, or 0.04 percent, at 22,453.30.

After a weak start, the market recovered but remained in negative territory for most of the session.Mixed global cues and profit booking in financials weighed.

Tata Consumers Products, M&M, BPCL, Bajaj Auto and Adani Ports were the top gainers on the Nifty while losers included Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank and SBI Life Insurance.

On the sectoral front,realty, metal, oil & gas, media, power and auto were up 1-2 percent, while information technology and telecom indices were down 0.5 percent each.BSE midcap and smallcap indices rose a percent each.

Rupee Close:
On 02 April’24,the Indian rupee witnessed a range-bound trading in initial deals and ended flat at 83.38 against the US dollar on Tuesday, weighed down by a strong American currency and elevated crude oil prices.

Trading Guide:
Market experts have recommended seven day trading stocks for today- TCS, McDowell-N, Borosil Renewables, Parag Milk, Amara Raja Energy, Prestige, and LT Foods.