Indian Indices End Flat, GAIL And UPL Among Top Nifty Gainers

Indian share markets continued their volatile trend during closing hours today and ended their day on a flat note.

At the closing bell, the BSE Sensex stood higher by 35 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 18 points (up 0.1%).

GAIL and UPL were among the top gainers today.

IndusInd Bank was among the top losers today.

The SGX Nifty was trading at 14,969, up by 15 points, at the time of writing.

The BSE Mid Cap index ended up by 0.3%. The BSE Small Cap index ended up by 0.6%.

Sectoral indices ended on a mixed note. Gains were largely seen in the capital goods sector and energy sector.

Asian share markets ended on a negative note.

The Nikkei was down 0.4% while the Shanghai Composite stood lower by 2.3%. The Hang Seng ended down by 1.9%.

US stock futures are trading lower today indicating a negative opening for Wall Street indices with Dow Futures trading down by 76 points (down 0.3%).

The rupee is trading at 73.24 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.6% at Rs 44,403 per 10 grams.

Moving on to stock-specific news...

Vivimed Labs was among the top buzzing stocks today.

Drug firm Vivimed Labs said it has received approval from the Uzbekistan government for two products.

The company has received approval for Bilastin tablets, which are used for the treatment of allergic Rhino conjunctivitis and Urticaria, the Hyderabad-based company said in a regulatory filing.

Vivimed has also received approval for Orzole combi, which is used to treat gastrointestinal infections such as acute diarrhea or dysentery, gynecological, lung, and urinary infections.

Vivimed Labs CEO Ramesh Krishnamurthy said the company's strategy is to increase its share of branded products in CIS markets. Vivimed shall be launching these products this year and the company's purpose is to offer innovative and top-quality formulations at affordable prices.

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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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