India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

Market indices flap 2 day gains, Nifty below 18,300, Sensex falls 413 points

The Indian equity indices fell marginally on Tuesday, as a slide in financials, nearly offsetting the optimism from favourable domestic inflation and persistent foreign institutional buying in equities.
At close, the Sensex was down 413.24 points or 0.66% at 61,932.47, and the Nifty was down 112.35 points or 0.61% at 18,286.50, according to reliable sources.
Stocks and sectors 
HDFC, Tata Motors, M&M, HDFC Bank and Apollo Hospitals were top losers, while gainers were BPCL, ONGC, Coal India, Bajaj Finance and NTPC.
On sectoral front,Auto index down 1 percent, and healthcare, infra, bank, metal indices down 0.3-0.4 percent, while PSU Bank index up 0.7 percent, according to sources.
BSE midcap and smallcap indices ended with marginal gains.
On 16th May'23,the Indian rupee closed 9 paise higher at 82.21 against the US dollar.
Experts Take:
Market experts have recommended six stocks to buy Tuesday —Tech Mahindra, SAIL, IGL, GNFC, Escorts and KPIT Technologies.
 
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

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