
Stock recommendations for 5 March from MarketSmith India
Stock market recap: It was a bloodbath on Dalal Street on Wednesday, as the Indian stock market suffered sharp losses on March 4 amid investor dumping of risk assets amid the ongoing US-Iran war, which shows no signs of easing.The conflict in West Asia has pushed crude oil prices significantly higher, stoking fresh inflation concerns and dealing a strong blow to expectations of near-term rate cuts by the US Federal Reserve and the Reserve Bank of India.Sensex crashed 1,123 points, or 1.40%, to end at 79,116.19, while the Nifty 50 plunged 385 points, or 1.55%, to close at 24,480.50. The BSE 150 MidCap Index crashed 2.26%, while the BSE 250 SmallCap Index suffered a loss of 2.24%.India VIX jumped over 23% to hover above the 21 mark, indicating heightened nervousness in the market.Buy: Sun Pharmaceutical Industries Ltd(current price: ₹1,750)Buy: Solar Industries India Ltd (current price: ₹14,523)Indian equities ended sharply lower on March 4, with Nifty 50 declining 385 points, or 1.55%, to close at 24,480.50, after slipping to an intraday low of 24,305.40.
Sensex mirrored the weakness, as broad-based selling pressure weighed on frontline stocks. Market breadth was decisively negative, with 675 stocks advancing and 2,581 stocks declining, reflecting risk aversion across the broader market.
On the sectoral front, Metals (-3.99%), PSU Banks (-3.24%), Oil & Gas (-3.09%), Media (-3.05%), and Realty (-3.11%) led the losses. On the other hand, Nifty IT was the sole pocket of resilience, ending marginally higher.
Financials and Autos also saw notable profit booking, dragging the indices lower. The sharp advance-decline skew underscores sustained pressure in mid- and small-caps alongside large caps.Nifty 50 continues to exhibit
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