Pakistan shoots down 8 drones allegedly launched from Afghanistan amid fresh border clashes, Electronics Secretary S. Krishnan says India meets 99.2% of domestic mobile phone demand, West Bengal govt makes GeM mandatory for procurement of goods and services,

MarketWatch:Nifty climbs above 18300 points, Sensex gains 180 points

The Indian stock market started the session on a mild note taking cues from mixed global bourses. Amidst the hustle,equity indices managed to close in green on Wednesday.
Some buying was seen in private banks, auto and realty – all of which are interest rate-sensitive sectors,lifted benchmark indices higher but the concern over US inflation data that will set the tone for the next FOMC meeting was apparent on Dalal Street, according to sources.
Besides,oil prices edged lower as industry data revealed a surprise surge in US crude stock, indicating a potential weakness in demand, according to recent report.
At close,the Nifty was up by 49.15 points or 0.27 percent at 18,315.10;and Sensex gained 178.87 points or 0.29 percent at 61,940.20.
 Stocks and Sectors
The biggest gainer was IndusInd Bank that climbed nearly 3 percent in Nifty. HDFC Life Insurance, Power Grid and Tata Motors were also among top gainers.
UPL continued to lose momentum as the stock fell 2 percent. Dr Reddy's Labs, Infosys and Hindalco Industries were other top losers, according to reliable sources.
On 10th May'23, the Indian rupee falls 10 paise to close at 81.84 against US dollar.
 Experts take:
Market experts have recommended six buy or sell stocks for Wednesday-Lupin, Godrej Agrovet, Everready Industries, Nazara Tech, Birla Corp, and Shipping Corporation of India. However,Cipla, Wipro, and Tata Steel are among other six stocks that were  recommended by experts for the intraday trade.
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)
Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

Sustainability has emerged as a central theme across the global hospitality and tourism industry.

Read More

Crime

The Special NIA Court on Friday awarded life term to four outlawed PFI accused in connection with the murder of a Hindu Munnani functionary. .

Read More

Opinion

US President Donald Trump and Chinese President Xi Jinping held talks in Washington this week.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.