MarketSmith India Stock Recommendations for June 8, 2024

Indian Equities End Volatile Session Marginally Lower

The Indian stock market experienced a mixed day on Friday, with early gains sparked by the Reserve Bank of India's policy announcement giving way to profit-booking. As a result, the NSE Nifty 50 closed marginally lower, while the BSE Sensex also ended in the red.

The NSE Nifty 50 fell by 49.85 points, representing a decline of 0.21%, to close at 23,366.70. Meanwhile, the BSE Sensex lost 117 points, which translates to a 0.16% drop, to end at 74,243.34. Despite the marginal losses, the market's performance was impacted by the Reserve Bank of India's policy announcement, which had initially sparked a surge in early trading.

Read also: Nifty Falls Over 260 Points, Suggests Weak Market Open Amid Global Selloff and Middle East Tensions