Around 2,000 families affected by recent floods in Afghanistan, Pakistan extends countrywide austerity drive after US, Iran fail to strike deal, Fast Patrol Vessel 'Achal' commissioned into Coast Guard, Government says sufficient stocks of petrol and diesel available across country,

Market indices flap 2 day gains, Nifty below 18,300, Sensex falls 413 points

The Indian equity indices fell marginally on Tuesday, as a slide in financials, nearly offsetting the optimism from favourable domestic inflation and persistent foreign institutional buying in equities.
At close, the Sensex was down 413.24 points or 0.66% at 61,932.47, and the Nifty was down 112.35 points or 0.61% at 18,286.50, according to reliable sources.
Stocks and sectors 
HDFC, Tata Motors, M&M, HDFC Bank and Apollo Hospitals were top losers, while gainers were BPCL, ONGC, Coal India, Bajaj Finance and NTPC.
On sectoral front,Auto index down 1 percent, and healthcare, infra, bank, metal indices down 0.3-0.4 percent, while PSU Bank index up 0.7 percent, according to sources.
BSE midcap and smallcap indices ended with marginal gains.
On 16th May'23,the Indian rupee closed 9 paise higher at 82.21 against the US dollar.
Experts Take:
Market experts have recommended six stocks to buy Tuesday —Tech Mahindra, SAIL, IGL, GNFC, Escorts and KPIT Technologies.
 
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

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