New Delhi: The local stock markets ended lower on Tuesday, reflecting concerns over foreign institutional investor (FII) outflows, the rupee hitting record lows against the dollar, and weak global cues. The BSE Sensex fell 533.50 points (0.63%) to 84,679.86, while the NSE Nifty 50 dropped 167.20 points (0.64%) to 25,860.10. During intraday trading, Sensex briefly touched 84,620.61, down 592.75 points.
Sectoral Performance:
Among Sensex constituents, Axis Bank recorded the largest decline of 5.03%. Other laggards included Eternal, HCL Tech, Bajaj Finserv, Tata Steel, UltraTech Cement, and Bajaj Finance. On the upside, shares of Titan, Bharti Airtel, Mahindra & Mahindra, and Asian Paints witnessed positive momentum.
Stocks Showing Strong Buying:
Analysts noted strong buying activity in stocks such as:
- Kirloskar Oil
- Tata Teleservices
- Reliance Infrastructure
- Triveni Engineering & Industries
- Leela Palaces Hotels & Resorts
- The Fertilisers and Chemicals Travancore
- LT Foods
These stocks have crossed their 52-week highs, signaling potential bullish momentum.
Stocks Showing Weakness:
Conversely, MACD indicators suggest a bearish trend in stocks including:
- Ola Electric Mobility
- Policy Bazaar
- Transformers & Rectifiers
- Axis Bank
- Eternal
- Swiggy
- Aavas Financiers
This indicates that these shares may experience short-term downward pressure.
Disclaimer: The stock suggestions provided are based on individual analysts’ or brokerage reports and do not represent NBT recommendations. Investors are advised to consult certified experts before making investment decisions, as market conditions can change rapidly.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.