Market: Sensex down 104 pts, Nifty below 24,400 amid volatility

The Indian share market ended marginally lower in a volatile trading session on Tuesday,as weak global cues and slightly higher oil prices outweighed stronger rupee and FII purchases.At close, the Sensex was down 104.35 points or 0.13 percent at 78,180.72, and the Nifty was down 31.65 points or 0.13 percent at 24,398.70.
Infosys, Tech Mahindra, HCL Technologies, Titan Company, SBI Life Insurance were the top gainers on the Nifty, while losers included Trent, Adani Enterprises, Bharat Electronics, Adani Ports and Cipla.On the sectoral front the Nifty IT outperformed, followed by Consumer Durables which gained 0.9 percent.  While the Nifty Metal and the Nifty Realty were among the top laggards.Meanwhile,the broader indices underperformed the main indices with Nifty Midcap 100 falling 0.4 percent and Nifty Smallcap 100 index declining 0.55 percent.
Rupee Close:
On 7 July'26,the Indian rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties, according to agency reports.Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel.Moreover, softness in Brent oil prices will ease inflationary pressures for India, the world's third-largest oil importer, market analysts said.
Trading Guide: 
Market experts recommended five shares to buy on Tuesday: Rain Industries, Metropolis Healthcare, United Spirits, Spandana Sphoorty Financial, and L&T Finance.

(Business Correspondent)