Markets rebound after 6-day losing streak: Broader markets outperform

The Indian equity markets ended their six-day decline on Tuesday, with Nifty finishing above 25,000, driven by sector-wide gains, except for metals, ahead of RBI policy announcement on Wednesday. Over the last six trading sessions, the benchmarks witnessed a steady fall, with mounting conflict in the Middle East eroding risk appetite and foreign institutional investors pulling out $6 billion from the markets.
At close, the Sensex was up 584.81 points or 0.72 percent at 81,634.81, and the Nifty was up 217.40 points or 0.88 percent at 25,013.15.
Trent, Adani Enterprises, Adani Ports, Bharat Electronics, M&M were among the top gainers on the Nifty, while losers included Tata Steel, SBI Life Insurance, Titan Company, JSW Steel and Bajaj Finserv.
On the sectoral front, except metal all other sectoral indices ended in the green with auto, bank, healthcare, realty, capital goods, power, telecom, media up 1-2 percent.The BSE midcap index added nearly 2 percent and smallcap index rose 2.5 percent.
Rupee Close:
On 08 Oct'24,the Indian rupee ended nearly unchanged on Tuesday as the RBI's steps to support the currency helped offset a host of negative cues such as a rise in U.S. bond yields, elevated oil prices and outflows from local equities.The rupee closed at 83.9625 against the U.S. dollar, nearly unchanged from its close at 83.9775 in the previous session, according to information.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,after sessions of corrections, India is getting some support at the level of 25,800 for Nifty50. Good state election result for the ruling party, contrary to the exit polls, has brought some optimism in the domestic market. RBI policy outcome, though no cut is expected, a plausible change in stance to neutral is anticipated. And investors are likely to focus on the upcoming Q2 results where earnings are likely to improve marginally on a QoQ basis.
Market experts have recommended five stocks to buy today-Gillette India Ltd , R R Kabel Ltd , Infosys Ltd , Apollo Hospitals Enterprise Ltd and Mahindra & Mahindra Ltd .

(Business Correspondent)