Sensex extends losing streak to 4th day, falls 548 pts

The domestic share market closed in the red on Monday as investor confidence declined after U.S. President Donald Trump signaled the possibility of new tariffs. At close, the Sensex was down 548.39 points or 0.70 percent at 77,311.80, and the Nifty was down 178.35 points or 0.76 percent at 23,381.60. About 1029 shares advanced, 2917 shares declined, and 108 shares unchanged.
Kotak Mahindra Bank, Britannia Industries, Bharti Airtel, HCL Technologies, Tata Consumer Products were the top gainers on the Nifty, while losers included Trent, Power Grid Corp, Tata Steel, Titan Company, ONGC.
On the sectoral front, all the sectoral indices ended in the red with metal, media, pharma, consumer durables, energy, realty down 2-3 percent. Nifty Midcap and Smallcap indices shed 2 percent each.
Rupee Close: 
On 10 Feb'25,the Indian rupee depreciated 45 paise to close at 87.50 against US dollar on Monday after inching close to 88-level in intra-day trade,weighed down by the strength of the American currency tariff concerns.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the US tariff threats continued to impact the market sentiment. Domestic yield is inching higher as investors stay cautious on riskier assets and navigate their investments to safe haven assets like gold. On the earnings front, the companies are facing downgrades in estimates due to a weak demand environment, margin pressure, and a cautious near-term outlook.
Market experts have recommended three stocks to buy  — Bank of Maharashtra, Canara Bank, and Morepen Lab.

(Business Correspondent)