Indian Indices End On A Flat Note; Metal & Auto Stocks Outperform

Indian share markets traded range-bound throughout the day and ended their session on a flat note. Sectoral indices ended on a mixed note with stocks in the metal sectorrealty sector and auto sector witnessing buying interest while banking stocks and finance stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood lower by 27 points and the NSE Nifty closed up by 2 points. The BSE Mid Cap index ended the day up by 0.4% and the BSE Small Cap index ended up by 0.8%.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 0.4% and the Shanghai Composite was down by 0.3%. The Nikkei 225 was up 0.2%.

The rupee is trading at 71.16 against the US$.

In the news from the commodity space, crude oil was witnessing selling pressure today.

Losses were seen after the United States reported its crude output hit a record 12 million barrels per day (bpd).

This data undermined the efforts made by Middle East dominated producer club Organization of the Petroleum Exporting Countries (OPEC) to withhold supply and tighten global markets.

From the engineering sectorBEML share price witnessed buying interest today after the company and US-based Lockheed Martin Aeronautics company signed a 'Certificate of Partnership'. The deal was signed at the ongoing AERO India 2019 in Bengaluru.

According to reports, the step opens up avenues for collaboration between the two companies to explore manufacturing of support equipment opportunities in aerospace.

BEML share price ended the day up by 4.4%.

To know more about the company, you can read BEML's latest result analysis and BEML Annual report analysis on our website.

Speaking of foreign players investing in India, many private equity funds have joined hands to increase their controlling stakes in Indian investments lately.

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