Sensex reclaims 550 pts from day’s low;ends 149 pts higher, Nifty gains 19600
Ira Singh
9 Aug’23
The Indian equity market indices settled in green on Wednesday after data from China fuelled deflation concerns and Moody’s U.S. banking downgrade triggered a sell-off in Wall Street, ahead of the Reserve Bank of India’s (RBI) policy decision this week.
At close, the Sensex was up 149.31 points or 0.23 percent higher at 65,995.81 and the Nifty gained 61.70 points, or 0.32 percent, at 19,632.55.
Stocks and Sectors
Dr Reddy’s Laboratories, Hindalco Industries, JSW Steel, Tata Motors and M&M were the biggest gainers on Nifty, while losers included Divis Labs, Apollo Hospitals, Maruti Suzuki, ICICI Bank and Bajaj Finance.
On the sectoral front,the metal index gained 2.3 percent and oil & gas index 1 percent. FMCG, capital goods and healthcare indices gained 0.5 percent each. The realty index shed 1.3 percent and the bank index 0.2 percent.
The BSE midcap index rose 0.4 percent and the smallcap index 0.5 percent.
On 9th Aug’23,the Indian rupee ended marginally higher to close at 82.82 against the US dollar as compared to the previous close of 82.84.
Experts Take:
Market experts have recommended six stocks to buy for Wednesday-Max Financial Services, HDFC Life Insurance, Mastek, Adani Ports, Trent, and Eicher Motors.