Stock recommendations for 6 August from MarketSmith India
New Delhi, Aug. 6 -- Stock market recap: Indian equities ended a volatile session nearly flat on Wednesday, with Nifty 50 edging up 9.75 points, or 0.04%, to 24,624.65, while Sensex slipped 31.59 points, by 0.04%, to 78,397.36. Early gains, driven by softer crude prices and hopes of an Iran-U.S. de-escalation over the Strait of Hormuz, were pared back as fresh West Asia conflict and profit-booking set in.
The RBI's rate panel, led by Governor Sanjay Malhotra, held the repo rate steady at 5.25%, raised its FY27 growth estimate to 6.7% and trimmed its inflation forecast to 5%, offering a steady policy backdrop. On the sectoral front, Autos, Realty, Financials, and PSU Banks attracted buying interest.
Meanwhile, IT, FMCG, Pharma and Privat...
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