India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

Stock market traded flat amid mixed global cues, IT index major drag

The Indian equity indices ended on a flat note on Tuesday,amid hopes of a rate hike pause by the U.S. Federal Reserve and Reserve Bank of India heading into their policy meetings. At close, the Sensex was up 5.41 points or 0.01 percent at 62,792.88, and the Nifty was up 5.15 points or 0.03 percent at 18,599.
 Stocks and Sectors
UltraTech Cement, Divis Laboratories, Kotak Mahindra Bank, Grasim Industries and Axis Bank were among the top gainers on the Nifty, while losers included Tech Mahindra, Infosys, TCS, ONGC and Wipro, according to sources.
On sectoral front,auto and realty gained 1 percent, while the information technology index shed 1.5 percent, according to sources.
The BSE midcap index rose 0.3 percent and smallcap index added 0.5 percent.
The Indian rupee on June 6 ended marginally higher against the US dollar, tracking gains in its Asian peers ahead of key RBI policy. The Indian rupee closed at 82.61 against the US dollar, up 0.09 percent from its previous close.
 Experts Take:
Market experts have recommended six stocks to buy for Tuesday- IndusInd Bank, Dabur, Sun Pharma, Tata Steel, Balkrishna Industries and Bata India.
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Sensex rises 109 pts, Nifty at 24,056 on auto, realty gains

    Full Story

  1. Sensex up 791 pts, Nifty above 24k amid softer crude oil prices

    Full Story

  1. Sensex falls 893 pts, Nifty below 23,850 amid global sell-off

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

Digital arrest scam: CBI raids 80 locations, 2 nabbed

The CBI launched Operation Chakra-VI and conducted searches at more than 80 locations across 16 states to crackdown on cybercrime networks.

Read More

Opinion

Greer’s India trip boosts Trump-Modi trade deal momentum

The India-US economic relationship appears to be entering a crucial phase, with both sides moving toward the “final touches” on an interim trade agreement after months of difficult negotiations.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.