Sensex retreats ends 906 pts lower, Nifty below 22,000

The domestic equity market indices on Wednesday ended on a weak note,amid selling in RIL shares and utilities. Global stocks also staged a turnaround and fell, thus weighing on indices.At close, the Sensex was down 906.07 points or 1.23 percent at 72,761.89, and the Nifty was down 338.00 points or 1.51 percent at 21,997.70. About 290 shares advanced, 3202 shares declined, and 38 shares unchanged.
ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank and ICICI Bank were the biggest gainers on the Nifty, while losers included Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation and NTPC.
On the sectoral front,all other sectoral indices ended in the red, with Realty, Media, PSU Bank, Telecom, Power, Oil & Gas, Metals down 4-6 percent.BSE Midcap and Smallcap indices down 4-5 percent.
Rupee Close:
On 13 Mar'24,the Indian rupee depreciated five paise to 82.85 against the U.S. dollar in early trade on Wednesday, as the strength of the American currency in the international market and elevated crude oil prices dented investors' sentiment.
Forex traders said the Rupee is expected to trade with a slight negative bias on recovery in the greenback and concerns over elevated crude oil prices. However, a positive tone in domestic markets may support the Rupee at lower levels.
Trading Guide:
Market experts have recommended six day trading stocks for today — TCS, Indigo, BHEL, L&T, Ugro Capital, and HEG.

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