Indian Share Markets End Flat; Automobile And Realty Stocks Witness Buying

Indian stock markets continued to witness volatile trades during closing stock market hours today and ended their day on a flat note.

At the closing bell, the BSE Sensex stood lower by 19 points. Meanwhile, the NSE Nifty ended down by 2 points.

Cipla was among the top gainers today.

Eicher Motors, on the other hand, was among the top losers today.

SGX Nifty was trading at 15,102, down by 14 points, at the time of writing.

The BSE Mid Cap index ended up by 0.7%. The BSE Small Cap index ended up by 0.4%.

Sectoral indices ended on a mixed note with stocks in the auto sector, realty sector, and consumer durables sector witnessing buying interest.

Telecom stocks, on the other hand, witnessed selling pressure.

Asian stock markets ended higher today. The Nikkei ended up by 0.2% while the Shanghai Composite zoomed 1.4%. The Hang Seng ended up by 1.9%.

US stock futures are trading on a positive note with Dow Futures trading up by 95 points.

The rupee is trading at 72.87 against the US$.

Gold prices for the latest contract on MCX are trading flat at Rs 47,932 per 10 grams.

In news from the oil & gas sector...

India's fuel consumption in January registered its first month-on-month decline in five months, as an uptick in global oil prices posed a roadblock to a gradual recovery in demand from the world's third-largest oil consumer.

Consumption of fuel, a proxy for oil demand, fell to 18.01 million tonnes in January, which was 3.2% below last month, and 3.9% lower than a year earlier.

Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in Asia's third largest economy, declined 2.3% YoY to 6.80 million tonnes.

Sales of gasoline, or petrol, rose by about 6.1% from a year earlier to 2.61 million tonnes.

Sales of cooking gas, or liquefied petroleum gas (LPG), increased by about 2% to 2.49 million tonnes, while naphtha sales fell by 10.6% to 1.27 million tonnes.

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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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