Ira Singh
Khabar Khabaron Ki,05 Feb’24
The domestic equity market indices ended lower in a volatile session on Monday, as investors awaited the RBI meet outcome for rate cute cues and inflation trajectory.At close the Sensex ended 354.21 points or 0.49 percent down at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70.
Stocks and Sectors
Tata Motors, Coal India, BPCL, Sun Pharma and Cipla were the top gainers om the Nifty while losers included UPL, Bharti Airtel, Bajaj Finance, HDFC Life and Grasim Industries.
On the sectoral front, bank, capital goods, information technology and FMCG were down 0.3-0.9 percent, while auto, pharma, metal, oil & gas and realty up 1 percent each.BSE midcap and smallcap indices ended on flat note.
On 05 Feb’24,the Indian rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market.
However, positive cues from the domestic equity markets and inflow of foreign funds supported the Indian currency, forex traders said.Investors will also keep a close watch on the Reserve Bank’s monetary policy decision to be announced later this week, they said.
Experts Take:
Market experts have recommended eight stocks to buy for Monday-Tata Consumer, Care Ratings, GAIL, Tata Steel, India Glycols, BF Utilities, Sat Industries, and Varroc Engineering.