Stocks to buy—12 February: Ankush Bajaj recommends three stocks for today

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Subscribe to enjoy similar stories. The Indian stock market witnessed a sharp decline on Tuesday, as initial bullish attempts failed to sustain, giving way to bearish dominance in the latter half of the session. Both Nifty 50 and Bank Nifty faced considerable losses, reflecting weak market sentiment amid growing global concerns.

The Nifty 50 index closed at 23,071, down by 309.80 points (-1.32%), while Bank Nifty slipped 577.60 points (-1.16%) to settle at 49,403.40. The broader market weakness was evident as no sector managed to close in the green, indicating a widespread sell-off. The market rout was led by the energy sector, which fell 3.2%, followed by PSU banks (-3%) and the auto sector (-2.22%).

This sectoral weakness highlights the growing concerns among investors, possibly driven by external economic factors and profit booking after the recent rally. Also Read: FPIs dumped Indian financial stocks in January. But not all is bad for the sector. Despite the bearish sentiment, a few stocks managed to close in positive territory.

Adani Enterprises led the gainers with a 1.35% rise, followed by Grasim Industries (+0.74%) and Trent (+0.61%). These stocks showed resilience, likely backed by strong fundamentals or sector-specific positive triggers. On the other hand, several heavyweight stocks faced significant losses.

Eicher Motors was the worst performer, tumbling 6.80%, followed by Apollo Hospitals (-6.57%) and Shriram Finance (-3.97%). The sharp decline in these stocks contributed to the overall weakness in the market. After a pullback to 23,800, Nifty has returned to the 23,000 level, showing consistent selling pressure across all time frames.