New Delhi: After three consecutive sessions of gains, the domestic stock market saw a decline on Thursday, February 6, as investors booked profits amid weak global cues.
The BSE Sensex fell 503.76 points (0.60%) to close at 83,313.93, hitting an intraday low of 83,151.62. Similarly, the NSE Nifty dropped 133.20 points (0.52%), ending at 25,642.80.
Sector Performance:
Among Sensex constituents, Eternel, Bharti Airtel, Bharat Electronics, ITC, Infosys, Reliance Industries, ICICI Bank, and Asian Paints led the losses. On the other hand, Trent, Tata Steel, State Bank of India, and Bajaj Finance recorded gains, reflecting selective buying in the market.
Stocks Showing Strong Buying:
Investors have been active in stocks such as Nykaa, Policybazaar, Devyani International, Aditya Birla Real Estate, Sapphire Foods, Inventurus Knowledge, Force Motors, and Birlasoft. These shares have breached their 52-week highs, indicating bullish momentum.
Stocks Showing Weakness:
On the technical front, MACD indicators suggest potential weakness in Bharti Airtel, ICICI Bank, Reliance Industries, Hexaware Technologies, JP Power, IDBI Bank, Redington, Valor Estate, MCX, and Vedanta, signaling that these stocks could be entering a downward trend.
Disclaimer: The stock recommendations and analysis mentioned above are based on insights from individual analysts and brokerage firms, and not from NBT. Investors are advised to consult certified financial experts before making investment decisions, as market conditions can change rapidly.
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