Buy or sell: Ruchit Jain of 5paisa recommends buying Tata Chemicals and Max Financial Services stock this week

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Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's trading day on a negative note. Benchmark equity indices were trending down. The BSE Sensex opened lower by 104.87 points or down 0.14% at 73,767.42 level while the Nifty 50 opened at 22,371.25 level, down 34.30 points or 0.15%.

“While the market is steady the small cap index is showing some strain with a cut of 0.5% yesterday. Perhaps there is some selling happening in small caps in response to the SEBI advisory to mutual funds flagging concerns of excessive valuations. Weakness in the small cap segment is likely to continue.

While there is fundamental support to the Indian stock market, high valuations can constrain further rally. The market is likely to remain range-bound in the near-term. As expected RIL has crossed ₹3000 level," explained Dr.

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 5 The Sensex and the Nifty 50, finished at new all-time high levels on Monday's session amid a volatile session that included buying in energy and banking shares as Moody's revised its 2024 India GDP growth projection based on "better than expected" economic data. On Monday, the 30-share BSE Sensex ended higher by 66.14 points higher or 0.09% at 73,872.29 level while the Nifty 50 closed at 22,405.60 level, up 27.20 points or 0.12%.