Stock recommendations for 5 August from MarketSmith India
New Delhi, Aug. 5 -- Stock market recap: Indian benchmark equity indices snapped a four-day winning streak on 4 August as broad-based profit-taking pulled the market off its intraday highs. BSE Sensex closed 210.08 points lower (-0.27%) at 78,428.95, while Nifty 50 declined 159.40 points (-0.64%) to settle at 24,614.90, retreating more than 700 points from its peak. Market breadth reflected a tightly contested session across the overall market, with 2,030 stocks advancing, 2,037 stocks declining, and 174 stocks unchanged.
On the sectoral front, intense selling pressure was witnessed in Nifty Private Bank (-1.5%), Realty (-2.39%), and Oil & Gas (-1.15%), whereas defensive interest provided modest resilience in Nifty Media (+2.03%) and Nif...
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