Stock market today: Day trading guide for Nifty 50 to Sensex; six stocks to buy or sell today — 11th March
Stock market today: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level. However, the broad market witnessed buying interest as the small-cap index went up 0.70 percent while the mid-cap index shot up 0.39 percent.
"Nifty after making a new high above the 22,500 zone, consolidated in positive territory ahead of the long weekend. The index closed with gains of 20 points at 22494 levels. The broader market saw some buying after remaining under pressure for the past few sessions.
The majority of the sectors ended in green with buying seen in Metals, FMCG, Financials, and Consumer Durables. Several Tata group stocks were in focus due to the buzz around Tata Sons' IPO and several of them held a stake in it," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. On the outlook for the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "The near-term uptrend of the Nifty 50 index remains intact.
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