Stocks to buy: Raja Venkatraman recommends three stocks for today — 5 March

Subscribe to enjoy similar stories. On 4 March, the Sensex and Nifty declined due to the impact of new US tariffs on major trading partners such as China, Canada, and Mexico. These tariffs unsettled global markets and hurt investor confidence.

Sensex finished in negative territory for the third consecutive session, and the Nifty 50 continued its losing streak for tenth session, marking the longest since the index was established nearly 30 years ago. At close of trading, the Sensex had declined by 96 points or 0.1%, settling at 72,989, and the Nifty had dropped by 36 points or 0.2%, ending at 22,082. Approximately 2,133 shares rose, 1,673 shares fell, and 118 shares remained unchanged.

The US has announced a 25% tariff on imports from Canada and Mexico, while Chinese goods are now subject to a total 20% duty after an additional 10% levy. Meanwhile, reciprocal tariffs are set to take effect from 2 April, heightening concerns over trade disruptions and instability in financial markets. Indian markets continued to remain under pressure as the bearish overhang continued to keep the trends suppressed.

Stock-specific action emerged, giving some brief upside, but trigger short covering across the board. Nifty Bank held back stiff resistance at 48,000 and showed some brief upside in last trading session on Tuesday. A sharp downtrend continues to advocate a sell-on rally approach that one needs to factor in an event-driven week.

The possibility of sustaining an uptrend has become difficult. The strong upmove seen yesterday was a sigh of relief. Now, the key level of 22500 remains a strong resistance zone.