Indian Indices End Flat; Realty And Metal Stocks Outperform

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

Benchmark indices fell more than 1% before recovering partial losses, amid a sell-off in banking, financial services, and IT shares.

Pfizer's (PFE) share price jumped over 5% after reports emerged that the United Kingdom (UK) had authorized the Pfizer-BioNTech COVID-19 vaccine for use.

At the closing bell, the BSE Sensex stood lower by 37 points. The NSE Nifty ended up by 5 points.

ONGC and Asian Paints were among the top gainers today. Kotak Mahindra Bank, on the other hand, was among the top losers today.

SGX Nifty was trading at 13,159, up by 16 points, at the time of writing.

The BSE Mid Cap index ended up by 0.6%. The BSE Small Cap index ended higher by 0.7%.

Sectoral indices ended on a mixed note with stocks in the realty sector and metal sector witnessing buying interest. Auto stocks also rose after wholesale numbers for November came in higher than expected.

Banking stocks and finance stocks, on the other hand, witnessed selling pressure.

Asian stock markets ended on a mixed note. As of the most recent closing prices, the Shanghai Composite ended down by 0.1% and the Nikkei ended up by 0.1%.

European stock markets are trading marginally lower, tracking mixed sentiment in their US and Asia-Pacific counterparts.

US stock futures are trading flat. Nasdaq Futures are trading down by 4 points, while Dow Futures are trading down by 87 points (down 0.3%).

The rupee is trading at 73.76 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.9% at Rs 48,699 per 10 grams.

Domestic gold and silver prices edged higher today despite weak global rates.

In the previous session, the precious metals had seen a sharp up move. Gold had jumped 1.4% or Rs 700 per 10 grams while silver had surged about Rs 3,000 per kg.

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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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