Sensex declines for 2nd day, Drops 201 pts, Nifty Near 24,600

The Indian stock market extended its losing streak to a second session on Monday, with the Nifty closing near 24,600 as concerns about upcoming inflation data dominated investor sentiment.At close, the Sensex was down 200.66 points or 0.25 percent at 81,508.46, and the Nifty was down 58.80 points or 0.24 percent at 24,619.00. About 2222 shares advanced, 1692 shares declined, and 151 shares unchanged.
L&T, Wipro, SBI Life Insurance, BPCL, Tata Steel were the top gainers on the Nifty, while losers  included Tata Consumer, HUL, Tata Motors, Axis Bank, Nestle India.
On the sectoral front,, FMCG and Media were down 2 percent each, pharma, PSU Bank, auto, energy down 0.5 percent each, while metal index up 0.6 percent and capital goods index added 1 percent.The BSE midcap index was up 0.3 percent and the smallcap index rose 0.5 percent.
Rupee Close:
On 9 Dec'24,the Indian rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders reportedly stated the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.
Trading Guide:
Market have recommended five shares to buy -Time Technoplast, Borosil Renewables, EMS, JK Paper, and PG Electroplast.

(Business Correspondent)