Bank,IT stocks drag Sensex 126 pts lower, Nifty ends at 19752

The Indian equity benchmark indices ended on a negative note on Friday dragged by a slide in information technology (IT) and bank stocks, while inflation concerns in the United States also weighed on investor sentiment.At close, the Sensex was down 125.65 points or 0.19 percent at 66,282.74, and the Nifty was down 42.95 points or 0.22 percent at 19,751.05. About 1800 shares advanced, 1739 shares declined, and 155 shares unchanged.
Stocks and Sectors
Tata Motors, IndusInd Bank, HCL Technologies, Tata Consumer Products and Nestle India were the top gainers on the Nifty, while losers included Axis Bank, Infosys, Adani Enterprises, SBI and Wipro.
On the sectoral front,auto and realty up 0.5 percent each, while PSU bank and information technology down 0.5-1 percent.The BSE midcap and smallcap indices ended on a flat note.
On 13 Oct'23,the Indian rupee traded on a flat note at 83.26 against the US dollar as an upward trend in crude oil prices dented investor sentiment despite positive domestic macroeconomic data.
Forex analysts said the Indian currency continued to stay under pressure due to unabated foreign fund outflow amid negative equity markets across Asia.
Experts Take:
Market experts have recommended six stocks to buy for Friday-HUL, DMart, Shalby, RBL Bank, Maruti Suzuki and Dr Lal Pathlabs.

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