Market close flat amid profit booking in financial stocks

The domestic stock market traded marginally lower in the volatile session on Tuesday amid profit booking in financial stocks that countered optimism from US- China trade talks and positive cue from RBI.At close, the Sensex was down 53.49 points or 0.06 percent at 82,391.72, and the Nifty was up 1.05 points at 25,104.25. About 2160 shares advanced, 1723 shares declined, and 136 shares unchanged.
Grasim Industries, Dr Reddy's Labs, Tech Mahindra, Tata Motors, Infosys were the top gainers on the Nifty, while losers included Trent, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv. On the sectoral front, realty index shed 1 percent, while IT index rose 1.7 percent, Media index added 1 percent and Power index gained nearly 1 percent. The BSE midcap index ended flat, while BSE smallcap index was up 0.3 percent.
Rupee Close:
On 10 June'25,the Indian rupee appreciated 4 paise to close at 85.62 against the US dollar on the back of strong foreign capital inflows. However, a mixed sentiment in the domestic equity markets, a rise in global crude oil prices, and a stronger US dollar against major currencies capped further gains in the local unit, according to forex traders.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying, domestic equity benchmarks traded within a narrow range as investors adopted a cautious approach following the recent rally driven by favourable domestic macroeconomic indicators and concerns over stretched valuations. However, the overall sentiments remained on the positive side on account of optimism around U.S.-China trade negotiations. Additionally, a firm U.S. dollar acted as a tailwind for export- oriented sectors, particularly IT and Pharma, which attracted strong buying interest.
Market experts recommended five shares to buy-Whirlpool Of India, Vishal Mega Mart, Manappuram Finance, L&T Finance, and Hindware Home Innovation.

(Business Correspondent)