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Market uptick: Nifty, Sensex stage rebound from day's low pts

The domestic equity benchmark indices ended on a positive note in volatile session on Friday amid lacklustre cues from global peers. At close,the Sensex was up 167.06 points or 0.23 percent at 71,595.49 and the Nifty was up 64.55 points or 0.30 percent at 21782.50.About 988 shares advanced, 2232 shares declined, and 66 shares unchanged.
Stocks and Sectors
SBI,Sun Pharma ICICI bank ,Axis Bank were the top gainers on the Nifty, while losers included Mahindra & Mahindra,Oil &Natural Gas Corp.,NTPC, Bharti Airtel and Hindalco Industries.BSE midcap and Smallcap indices down 1 percent each.
On the sectoral front,auto capital goods,oil & gas, metal power and realty down 0.5-2 percent each.While,PSU bank and pharma indices up 0.5 percent each. 
On 09 Feb'24,the Indian rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments.
Experts Take:
Market experts have recommended seven stocks to buy for Friday — Alembic Pharma, Oil India, MCX, Voltas, Cochin Shipyard, Jindal Saw, and Barbeque-Nation.

(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

 


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