Indian Indices End Flat; Tata Motors And Tech Mahindra Among Top Nifty Losers

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

Benchmark indices climbed off the fresh record high and turned negative in today's session after goods and services tax (GST) collection in the month of June falls below Rs 1 tn for first time after 8 months.

At the closing bell, the BSE Sensex stood lower by 19 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 16 points (down 0.1%).

UltraTech Cement and Shree Cement were among the top gainers today.

Tata Motors and Tech Mahindra, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,837, down by 27 points, at the time of writing.

The BSE Mid Cap index ended up by 0.2%, while the BSE Small Cap index ended down by 0.3%.

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

Banking stocks, on the other hand, witnessed buying interest.

Shares of JK Lakshmi Cement and Godrej Consumer hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended the day down by 0.3% and 0.1%, respectively.

The Nikkei ended up by 0.2% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 9 points.

The rupee is trading at 74.54 against the US$.

Gold prices for the latest contract on MCX are trading up by 1.1% at Rs 47,838 per 10 grams.

In news from the auto sector, Maruti Suzuki was among the top buzzing stocks today.

The country's largest carmaker Maruti Suzuki India on Monday said its total production last month rose to 1.7 lakh units as various states eased Covid related restrictions.

The company had produced a total of 40,924 units in May this year, Maruti Suzuki said in a regulatory filing.

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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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