Stock market dissipate opening gains to end near day's low,IT shines

The Indian equity market indices failed to hold on to opening gains and ended the volatile session near the day's low on Thursday. Although,the market opened strong amid positive global market trends and fresh foreign fund inflows in the initial hours but then slipped on widespread selling in the second half to end near the day's low. At close,Sensex was down 180.96 points, or 0.28 percent at 65,252.34 and the Nifty settled at 19,386.70, down 57.30 points or 0.29 percent.
Stocks and Sectors
BPCL, Asian Paints, IndusInd Bank, Infosys and Britannia Industries were the top gainers on the Nifty, while losers included Reliance Industries, Grasim Industries, ONGC, Power Grid Corp and JSW Steel.
On the sectoral front, auto, capital goods, PSU Bank, oil & gas, pharma, metal shed 0.3-0.7 percent each, while the information technology index was up 0.5 percent.The BSE midcap and smallcap indices ended on flat note. On 24 Aug'23,the Indian rupee appreciated 12 paise to end at a three-week high of 82.57 against the US dollar on amid a pullback in US Treasury yields.
Experts Take:
Market experts have recommended six stocks to buy for Thursday- IndiGo, ICICI Bank, India Cement, Bharti Airtel, Paytm and Canara Bank.

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