
Three stocks to buy today: Recommended by Ankush Bajaj for 5 March
Subscribe to enjoy similar stories. Indian stock markets opened with a gap-down on 4 March, setting a weak tone for the day. After an initial dip, the benchmark Nifty 50 moved sideways, consolidating within a narrow range throughout the session.
A lack of strong buying interest kept the index under pressure, leading to range-bound movement until closing. The Nifty 50 index closed down 36.65 points at 22,082.65 (-0.17%), while the Bank Nifty index edged up by 130.90 points to 48,245.20 (+0.27%). Sectoral performance was mixed.
Auto (-1.31%), Consumption (-0.53%), and FMCG (-0.52%) faced notable selling pressure, while PSU Banks (+1.56%), PSE (+1.45%), and Energy (+0.76%) showed resilience. The lack of sustained buying suggests potential downside risks ahead, with investors closely watching for any breakout from the current consolidation phase. Read this | These foreign funds have been selling more Indian stocks than the others. They aren’t the ones you thought they were. Overall, the market remained firmly in the grip of the bears, as selling pressure outweighed isolated gains.
BPCL (+3.10%), SBI (+2.98%), and Bharat Electronics (+2.84%) saw strong buying interest but failed to lift overall sentiment. On the downside, Bajaj Auto (-4.62%), Hero MotoCorp (-3.19%), and Bajaj Finserv (-2.62%) were the biggest drags, further weighing on the index. With persistent selling pressure and weak buying interest, the market remains vulnerable to further downside, keeping sentiment firmly bearish.
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