Indian Indices Snap 3-Day Winning Streak To End Flat; Sun Pharma & BPCL Among Top Losers

Indian share markets witnessed volatility today and swung between gains and losses amid muted investor sentiment across global markets.

At the closing bell, the BSE Sensex stood lower by 17 points (down 0.1%).

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

Bharti Airtel and HDFC were among the top gainers today.

Sun Pharma and BPCL, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,378, down by 27 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.2% and 0.4%, respectively.

Sectoral indices ended on a mixed note with stocks in the realty sector, IT sector, and oil & gas sector witnessing most of the selling pressure.

Telecom and consumer durables stocks, on the other hand, witnessed buying interest.

Shares of Linde India and Voltas hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Hang Seng and the Shanghai Composite ended the day up by 0.7% and 1.5%, respectively. The Nikkei ended up by 0.9% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 4 points.

The rupee is trading at 73.42 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,250 per 10 grams.

In news from the textiles sector, Welspun India was among the top buzzing stocks today.

Welspun India's share price rose nearly 10% on the BSE today after the company received USFDA approval for its 3-ply surgical mask.

It becomes the first Indian company to receive one of the stringent and most recognized quality approval i.e. US Food and Drug Administration (FDA) 510 (k) clearance for its 3-ply surgical mask.

Certified by BIS and CE already, this product from Welspun India has got all required certifications to supply to global markets including critical medical uses.

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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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