Ira Singh 
The Indian share market indices ended marginally lower on Wednesday as profit booking in the banking and auto sectors dampened the sentiment. This comes after the benchmarks scaled fresh record highs shortly after opening.At close, the Sensex was down 34.74 points or 0.04 percent at 79,441.45, and the Nifty was down 18.10 points or 0.08 percent at 24,123.85. About 1740 shares advanced, 1686 shares declined, and 72 shares unchanged.
L&T, Wipro, Infosys, HDFC Bank and TCS were the top gainers on the Nifty, while losers included Shriram Finance, Bharti Airtel, Kotak Mahindra Bank, Tata Motors and IndusInd Bank.
On the sectoral front, capital goods, Information Technology, realty and oil & gas rose 0.3-1 percent, while bank, auto, FMCG, power down 0.3-0.9 percent.The BSE midcap index shed 0.5 percent while smallcap index ended flat.
Rupee Close:
On 2 July'24,the Indian rupee depreciated 6 paise to close at 83.50 against the US dollar on Wednesday ,weighed down by a strong greenback in the overseas market and elevated global crude oil prices.Besides, a muted trend in domestic equities and foreign fund outflows dented investor sentiments, forex traders said.
Trading Guide:
Experts believe,that the bouts of profit booking in a bull market are normal and the overall sentiment among investors remains positive for multiple reasons such as the return of FIIs, upcoming budget and policy continuity.
Market experts have recommended buying these five buy-or-sell stocks-Bajaj Finance, JSW Steel, RCF, Birla Corporation, and Titan.
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)
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