Market stablises after initial volatility Sensex down 15 pts

The domestic equity market indices ended on a flat note in the highly volatile session on Friday, amid lackluster cues from global peers.At close,the Sensex was down 15.44 points or 0.02 percent at 73,142.80 and the Nifty was down 4.75 points or 0.02 percent at 22,212.70.
Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking. However, the sentiment remained positive for the short term as the index closed above the crucial resistance level of 22,200, with the next resistance seen at 22,400. Short-term support is positioned at 21,900. As long as Nifty maintains levels above 21,900, the index may continue to be considered a buy on dips, according to experts. Almost all of the sectoral indices were trading in the green except FMCG and oil & gas indexes that traded with cuts.
Rupee Close:
On 23 Feb'24,the Indian rupee traded on a flat note at 82.85 against the US dollar in early trade on Friday amid outflow of foreign funds and volatile crude oil prices in the overseas market.Positive equity market sentiment and a weak American currency, however, provided support to the domestic unit, forex traders said.
Trading Guide:
Market experts have recommended seven stocks to buy for Friday- Maruti, Godrej Consumer Products, GAIL, LT, NHPC, Mishra Dhatu, and LIC.

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