Indian Indices End Flat; HDFC Bank And HDFC Life Insurance Among Top Nifty Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices gave up early gains and ended the day on a flat note after witnessing selling pressure in afternoon deals, dragged primarily by power and energy stocks even as India reported less than 2 lakh daily Covid-19 cases.

At the closing bell, the BSE Sensex stood lower by 14 points (down 0.1%).

Meanwhile, the NSE Nifty closed higher by 11 points (up 0.1%).

Britannia and Asian Paints were among the top gainers today.

HDFC Bank and HDFC Life, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,240, up by 39 points, at the time of writing.

The BSE MidCap index ended down by 0.3%, while the BSE SmallCap index ended up by 0.3%.

Sectoral indices ended on a mixed note with stocks in the power sector, energy sector, and finance sector witnessing most of the selling pressure.

Consumer durables stocks, on the other hand, witnessed buying interest.

Shares of Finolex Cables and Asian Paints hit their respective 52-week highs today.

Asian stock markets ended on a strong note today after tracking Wall Street gains overnight.

The Hang Seng and the Shanghai Composite ended the day up by 1.8% and 2.4%, respectively. The Nikkei ended up by 0.7% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 97 points.

The rupee is trading at 72.77 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 48,520 per 10 grams.

Cipla, Roche Launch Covid-19 Antibody Cocktail Drug

In news from the pharma sector, Cipla was among the top buzzing stocks today.

Swiss pharmaceutical company Roche Holding and Cipla began selling a covid-19 antibody-drug cocktail to treat non-hospitalized patients who face high risks of their infections turning severe.

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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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