Mumbai: The domestic stock market saw a decline for the third consecutive day on Wednesday. The BSE Sensex fell by 102.20 points, closing at 84,961.14, while the NSE Nifty slipped 37.95 points to settle at 26,140.75.
The market was affected by concerns over rising U.S. tariffs and global tensions, alongside continued foreign institutional investor (FII) outflows. However, selective buying in certain stocks and a drop in international crude oil prices provided some support to the market. During the trading session, the Sensex touched a low of 84,617.49, down 445.85 points or 0.52%. The Nifty 50 ended 0.14% lower.
Among Sensex constituents, Maruti, Power Grid, Tata Motors Passenger Vehicles, HDFC Bank, Asian Paints, and Tata Steel were major laggards. On the other hand, Titan, HCL Tech, Tech Mahindra, Infosys, and Tata Consultancy Services registered gains.
Stocks Showing Strong Buying Interest
Stocks that are witnessing robust buying include Tata Elxsi, Elecon Engineering Company, Saregama India, Sonata Software, KPIT Technologies, Tata Technologies, and Birlasoft. Several of these stocks have breached their 52-week highs, indicating bullish momentum.
Stocks Signaling a Downtrend
According to the MACD indicator, Cipla, Mahindra & Mahindra Financial Services, Sun TV, HEG, Ola Electric Mobility, Sumitomo Chemical, and Maharashtra Scooters are showing signs of a potential downtrend, suggesting that these stocks could face selling pressure.
Disclaimer: The stock recommendations in this report are provided by individual analysts or brokerage firms, not Navbharat Times. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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