PSBs, Realty Stocks lead losses, Nifty and Sensex down

The Indian equity markets closed lower on May 6, with the Nifty slipping below the 24,400 amid widespread sectoral weakness, excluding autos. At close, the Sensex was down 155.77 points or 0.19 percent at 80,641.07, and the Nifty was down 81.55 points or 0.33 percent at 24,379.60.
Hero MotoCorp, Tata Steel, Bharti Airtel, M&M, HUL were top gainers on the Nifty while losers included Adani Enterprises, Eternal, Jio Financial, Trent, SBI Life.On the sectoral front, Except auto, all other sectoral indices ended in the red with PSU Bank index shedding nearly 5 percent, Realty index fell 3.5 percent, while pharma, consumer durables, media, oil & gas, power were down 1-2.6 percent. BSE Midcap and Smallcap indices shed 2 percent each.
Rupee Close:
On 6 May'25,the Indian rupee settled for the day 15 paise lower at 84.45  against the US dollar on Tuesday, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows, while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiments, keeping the rupee on edge.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly stated the domestic market has been consolidating in recent sessions following the strong recovery, driven by cautious sentiment amid India-Pakistan border tensions. Weak earnings growth for the current quarter has further impacted the market. Small- and mid-cap stocks have underperformed compared to benchmark indices. Meanwhile, investors are closely monitoring India's bilateral trade negotiations with the US. Additionally, speculation around the US Federal Reserve is drawing attention, as no rate cuts are expected in the near term, affecting global trends.
Market experts recommended five shares to buy  -Windsor Machines, Gallantt Ispat, Vesuvius India, Azad Engineering, and Bharat Dynamics.

(Business Correspondent)