Indian stock market today: Day trading guide for Nifty 50 to Sensex, nine stocks to buy or sell today — Feb 28
Day trading guide for Indian stock market today: The domestic benchmark equity indices, Sensex and Nifty 50, concluded the trading session with gains despite experiencing volatility on Tuesday. The 30-share BSE Sensex ended higher by 305.09 points or 0.42% at 73,095.22 level while the Nifty 50 closed at 22,198.35 level, up 76.30 points or 0.34%. On the broader market front, the Nifty Midcap 100 closed 0.12% lower, and the Nifty SmallCap 100 closed 0.28% higher.
“Nifty opened lower but soon made a gradual recovery to close with gains of 76 points at 22198 levels. Broader market traded mix with Nifty midcap 100 down -0.1% while Nifty Smallcap 100 up +0.3%. Sector-wise it was a mixed bag with buying seen in Realty, Consumer Durables, Auto, IT, and Healthcare.
Railway stocks were in momentum for the second consecutive session after the government announced rail infra projects worth around Rs.41,000 crore on Feb 26. Defensive sectors like IT and Pharma were in momentum with key gainers in large caps like TCS, Sun Pharma, and Cipla. Also, strength was visible in select large caps like L&T, Tata Motors, and HDFC Life providing support to the overall market.
Domestic Equities are consolidating in a range with every dip being bought showing strength at lower levels. Overall we expect the market to trade in range with positive bias. Globally investors would watch out for US & Europe Consumer Confidence Data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
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