Indian Indices End Flat, Asian Paints And Dr Reddy's Laboratories Among Top Nifty Gainers

Indian share markets witnessed selling during closing hours today and ended their day on a flat note.

At the closing bell, the BSE Sensex stood lower by 31 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 19 points (down 0.1%).

Asian Paints and Dr. Reddy's Laboratories were among the top gainers today.

Cipla and Tata Steel were among the top losers today.

The SGX Nifty was trading at 14,964, up by 14 points, at the time of writing.

The BSE MidCap index ended up by 0.5%. The BSE SmallCap index ended up by 0.4%.

Sectoral indices ended on a mixed note. Losses were largely seen in the banking sector and realty sector.

Paper stocks were in focus today and rallied up to 20% following the government's draft regulation under which there can be a ban on single-use plastic for candy and ice cream sticks, the film wraps around sweet boxes and cigarette packets, etc.

According to a Financial Express report, the Centre has proposed that single-use plastics such as plastic sticks in earbuds and balloons, plastic flags, candy- and ice-cream-sticks, and polystyrene for decoration be banned from January 1, 2022, while disposable plates, cups, glasses, cutlery, straw, trays, plastic wrapping around sweet-boxes, invitation cards, cigarette packets, etc, and plastic/PVC banners less than 100 microns thick be banned from July 1, 2022.

Market participants were also tracking L&T share price as the company said it has received multiple orders across its business segments in the domestic market.

Asian share markets ended on a positive note.

The Nikkei was up 0.5% while the Shanghai Composite stood higher by 0.8%. The Hang Seng ended up by 0.7%.

US stock futures are trading lower today indicating a negative opening for Wall Street indices with Dow Futures trading down by 59 points (down 0.2%).

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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