Sensex shows resilience rises 33.40 pts,Nifty near 22,500

The Indian equity benchmark indices ended on a flat note in the volatile session on Thursday,after US Federal Reserve Chair Jerome Powell assured likely rate cuts this year and ruled out near-term risks of economic recession.At close, the Sensex was up 33.40 points or 0.05 percent at 74,119.39, and the Nifty was up 19.50 points or 0.09 percent at 22,493.55.About 2071 shares advanced, 1588 shares declined, and 111 shares unchanged.
Tata Steel, Bajaj Auto, Tata Consumer, Tata Motors and JSW Steel were the top Nifty gainers on the Nifty, while losers included M&M, BPCL, Reliance Industries, Axis Bank and ICICI Bank.
On the sectoral front,, bank, oil & gas, auto, realty ended in the red, while metal, capital goods, media and FMCG up 1-2.5 percent each.The BSE midcap index added 0.3 percent and smallcap index rose 0.7 percent.
Rupee Close:
On 07 Mar'24,the Indian  rupee stayed firm and rose 9 paise to 82.74 against the US dollar in early trade on Thursday on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets.
The local currency also found support from positive equity markets, however, volatile crude oil prices capped its rally, forex traders said.
Trading Guide
Market experts have have recommended six day trading stocks for today — Tata Chemicals, Pidilite Industries, Shilpa Medicare, CG Power, NATCO Pharma, and TCS.

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