Indian Share Markets End Flat; Tata Steel & Tata Motors Rally Over 6%

After opening the day higher, Indian share markets witnessed volatility throughout the day and ended on a flat note.

Benchmark indices gained in early trade today after five straight sessions of falls, boosted by index heavyweight Reliance Industries.

At the closing bell, the BSE Sensex stood higher by 7 points. Meanwhile, the NSE Nifty ended up by 32 points.

The BSE Sensex reclaimed the 50,000-mark, rising to as high as 50,327 in intraday trade. Meanwhile, the NSE Nifty surpassed the 14,850-mark.

ONGC was among the top gainers today. Kotak Mahindra Bank, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,776, up by 104 points, at the time of writing.

The BSE Mid Cap index ended up by 1%. The BSE Small Cap index ended higher by 0.7%.

Sectoral indices ended on a mixed note with stocks in the metal sector and oil & gas sector witnessing buying interest.

Banking stocks and finance stocks, on the other hand, witnessed selling pressure.

Asian share markets ended higher, fueled by hopes that vaccine rollouts will allow the global economy to get back on track, but the optimism was tempered by niggling worries that the recovery will fan inflation and interest rate hikes.

The Hang Seng ended up by 1% while the Shanghai Composite ended down by 0.2%.

US stock futures are trading lower today indicating a negative opening for Wall Street indices. Nasdaq Futures are trading down by 130 points, while Dow Futures are trading lower by 58 points.

The rupee is trading at 72.45 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.3% at Rs 46,760 per 10 grams.

In news from the IPO space...

The initial public offering (IPO) of agrochemical manufacturer Heranba Industries was subscribed 65% at the time of Indian stock market closing hours today, on the first day of bidding.

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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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