Sensex snaps 4-day losing streak, gains 170 pts, Nifty up 23,176

The Indian benchmark indices rebounded from a four-day losing streak on Tuesday,amid buying in most of the sectors, except for IT and FMCG. At close, the Sensex was up 169.62 points or 0.22 percent at 76,499.63, and the Nifty was up 90.10 points or 0.39 percent at 23,176.05.
Adani Enterprises, Adani Ports, NTPC, Hindalco and Shriram Finance were the top gainers on the Nifty, while losers included HCL Tech, HUL, Apollo Hospitals, Titan Company and TCS.On the sectoral front, except IT and FMCG, all other sectoral indices ended in the green.BSE Midcap index rose 2 percent and smallcap index was up 1.7 percent.
Rupee Close:
On 14 Jan'25,the Indian rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 against the US dollar on Tuesday as the American currency retreated from record high.Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds, stated experts.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,a rebound in the global market and an ease in domestic CPI inflation provided respite to the broader indices. This may provide some leeway for RBI in its next policy meet; however, rising oil prices and higher 10-year yields will be watched carefully. The IT sector weighed down amid concerns over weak earnings guidance for Q4. The domestic sentiment will be more inclined towards the ongoing earnings season and upcoming union budget, which has a mixed view.
Market experts have recommended five shares to buy—Madhya Bharat Agro Products, Piramal Pharma, Healthcare Global Enterprises, Anjani Portland Cement, and BSE.

( Business Correspondent)