Indian benchmark indices ended within the crimson on Monday, dragged by banks and auto shares. Whereas the S&P BSE Sensex settled at 78,248.13, down by 450.94 factors or 0.57%, the broader Nifty closed at 23,644.90, decrease by 168.50 factors or 0.71%.
Commenting on the day’s motion, skilled Vikram Kasat, Head – Advisory, at PL Capital mentioned that the markets grappled with skinny year-end volumes, a weakening rupee, and sustained overseas institutional investor (FII) outflows on Monday. “The rupee’s slide towards the 86-per-dollar mark has additional dampened the enchantment of Indian equities for overseas institutional buyers (FIIs), as returns in greenback phrases proceed to shrink.
As 2024 nears its shut, market sentiment stays fragile, with volatility taking centre stage, Kasat mentioned as he sees December quarter earnings and upcoming financial information to carry sway.
Listed below are 2 inventory suggestions for Tuesday:
