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

Benchmark indices witnessed yet another rangebound trading session as investors preferred to stay on the sidelines amid the year-end celebrative mood.

At the closing bell, the BSE Sensex stood lower by 12 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 10 points (down 0.1%).

NTPC and IndusInd Bank were among the top gainers today.

Bajaj Auto and Reliance Industries, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,280, up by 74 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.2%.

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

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

Shares of Persistent Systems and Grindwell Norton hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended up by 0.1% and 0.6%, respectively. The Nikkei ended down by 0.4% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 17 points.

The rupee is trading at 74.41 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,639 per 10 grams.

In news from the finance sector, SBI Cards and Paytm were among the top buzzing stocks today.

Image Source: PixaBay

Paytm's parent One97 Communications was in focus today after the company announced a collaboration with SBI Cards.

Digital payment lender Paytm partnered with SBI Cards and Payment Services - the credit card arm of the state-owned lender SBI, to enable cardholders to tokenise their cards on devices and make payments through Paytm.

In a regulatory filing, SBI Cards said the product, 'SBI Card portfolio enabled on Paytm', will be launched on today.

Detailing the digital payments solution, SBI Cards said that only cards issued in India are enabled on the Paytm network.

However, customers may transact using the SBI Card through the Paytm network in international locations, it added.

SBI Cards reported a 67% jump in net profit at Rs 3.5 bn for the September quarter on the back of good growth in retail and corporate spends.

The pure-play credit card company had registered a net profit of Rs 2.1 bn in the same period a year ago.

The increase was primarily due to higher income from fees and services during the quarter.

SBI Card share price ended the day up by 0.1% on the BSE.

Moving on to news from the auto sector...

Hero MotoCorp Partners With Gogoro To Launch Electric Scooter In India

India's Hero MotoCorp and Taiwan's Gogoro Inc today announced a strategic partnership to bring a new generation of electric bikes and scooters to India.

Hero MotoCorp is the world's largest producer of motorcycles and scooters. Gogoro is a world leader in urban battery swapping and smart mobility innovation.

The two companies will be establishing a joint venture to use Gogoro's battery swapping platform with Hero's motorbikes and scooters to develop new electric vehicles for Indian markets.

Dr Pawan Munjal, Chairman, and CEO, Hero MotoCorp, in an official press release said,

• Our strategic partnership with Gogoro is in line with our Vision - 'Be the Future of Mobility' which we are bringing alive through our Mission to 'Create, Collaborate & Inspire'.
  
  Today marks another major milestone in our journey, as we bring Hero's leadership in two-wheelers, our global scale, and innovation powerhouse, with the leadership of Gogoro in swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world.

Both the corporations plan to expand to other markets after launching in India and around 40 other countries. The new electric vehicles (EVs) will be sold under the Hero brand. Other details like pricing, covered cities, and vehicle designs will be announced soon.

Hero MotoCorp share price ended the day down by 0.1% on the BSE.

Speaking of EVs, have a look at the chart below which shows the massive opportunity in the two-wheeler electric vehicles space.