Markets end lower for 7th day, Sensex, Nifty see modest decline

The domestic share market indices faced another volatile trading day, with the Nifty 50 and Sensex settling with minor losses on Thursday , marking their longest losing run in three months at seven straight sessions. At close, BSE Sensex was down 32.11 points or 0.04 percent at 76,138.97, and the Nifty 50 was down 13.85 points or 0.06 percent at 23,031.40.
Tata Steel, Sun Pharma, Bajaj Finance, Cipla, Bajaj Finserv were the top gainers on the Nifty,while losers included Adani Enterprises, Hero MotoCorp, Adani Ports, Infosys and ONGC. On the sectoral front, media, metal, pharma, realty rose 0.5-1 percent, while auto, FMCG, IT, consumer durables, PSU Bank shed 0.3-1 percent, according to information. The Midcap index ended flat, while smallcap index shed 0.4 percent.
Rupee Close:
On 13 Feb'25,the Indian rupee settled almost flat with a gain of just 3 paise at 86.92 against the U.S. dollar on Thursday as the support from soft American currency and and easing crude oil prices overseas was negated by a lacklustre trend in domestic equities. According to forex traders, the unabated outflow of foreign funds weighed on the Indian currency and capped its recovery even though the greenback weakened after the U.S. data showed higher-than-expected inflation, trimming hopes of a rate cut by the Federal Reserve.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,despite initial market optimism driven by easing domestic inflation data, the rally lost momentum amid uncertain global cues and subdued corporate earnings.
Furthermore, a surge in Chinese technology stocks, fuelled by heightened interest in artificial intelligence, redirected FIIs in pursuit of more attractive returns. Market participants are now closely monitoring the outcome of the Trump-Modi discussions for any trade and tariff concessions for a potential pullback rally.
Market experts have recommended five stocks to buy- Bajaj Healthcare, Vimta Labs, Manorama Industries, Wockhardt and Associated Alcohols & Breweries.

(Business Correspondent)