Ira Singh 
The domestic shares market indices declined on Tuesday amid nervousness ahead of election results. At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45, and the Nifty was down 44.30 points or 0.19 percent at 22,888.15. Highlights of trade:
●Adani Energy up 3% after fundraise of up to Rs 12,500 cr approved,
●LIC rises 2.6% as Q4 profit rises to Rs 13,782 cr,
●CLSA maintains sell rating on Nazara Tech,
●JPMorgan maintains an overweight rating on LIC,
●IIFL Finance delays board meet for earnings release,
●Adani Ent board approves raising Rs 16,600 cr via QIP.
After a positive start, the market gyrated between gains and losses during the session but again selling in the last hour dragged the indices to the day's low point.
Divis Laboratories, SBI Life Insurance, HDFC Life, Grasim Industries and Hero MotoCorp were the top gainers on the Nifty,while losers included Adani Ports, Power Grid Corp, Coal India, Adani Enterprises and BPCL.
On the sectoral front, Oil & Gas, Capital Goods, Telecom, PSU Bank, Power and Realty were down 1-2 percent. However, pharma index was up 0.5 percent.BSE Midcap index was down 0.5 percent and smallcap index shed one percent.
Rupee Close:
On 28 May'24,the Indian rupee depreciated for the second consecutive session against the US dollar on Tuesday, amid a rise in crude oil prices.The local currency weakened by 4 paise to close at Rs 83.18 against the US dollar.
Experts Take:
Market experts have expressed concern over the negative market breadth, which is negative despite the benchmark indices hitting fresh all-time highs in the last few sessions.
Trading may prove to be very risky in the near term amid nervousness ahead of election results and this uncertainty-led nervousness is likely to continue, believe experts.
A high possibility is the market getting a clue of the election results earlier than June 4th. This can happen any time and can trigger a big move in the market,V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services reportedly quoted as saying .He advised investors to buy largecaps on declines.
Market experts have recommended buying these eight shares today -IHC, Infosys, BoB, Voltas, Godrej Consumer Products, Jindal Saw, Band of India, and AU Bank.
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)
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