Indian share markets ended on a strong note today and advanced for a third straight session, led by automaker M&M on securing investment for its electric vehicle unit.

The overnight rise in US stocks and firm cues from other Asian markets along with softer crude oil prices also aided the market mood.

Crude oil prices continue falling and corrected sharply on Thursday slipping under US$ 100 a barrel, as fears of a potential global recession spurred concerns about oil demand.

Benchmark indices ended on a positive note driven by expectations that given the steady decline in commodity prices inflation will start showing a declining trend enabling central banks to go a bit slow on hiking rates.

At the closing bell, the BSE Sensex stood higher by 303 points (up 0.6%).

Meanwhile, the NSE Nifty closed higher by 88 points (up 0.5%).

L&T, Power Grid, and NTPC were among the top gainers today.

Tata Steel, Maruti Suzuki, and IndusInd Bank, on the other hand, were among the top losers today.

The SGX Nifty was trading at 16,228, up by 95 points, at the time of writing.

The BSE MidCap index ended higher by 0.2% while the BSE SmallCap index ended higher by 0.3%.

Sectoral indices ended on a mixed note today with stocks in the banking sector, FMCG sector, and Pharma sector witnessing most of the buying.

While stocks in the metal sector and realty sector witnessing most of the selling.

According to Chartist Brijesh Bhatia, the auto index is on the verge of a multi-year breakout.

Shares of ITC and Varun Beverages hit their 52-week highs today.

Asian share markets ended on a mixed note today following gains on Wall Street, with investors shifting their focus to fresh data due in the coming days for cues on US monetary policy.

The Nikkei and the Hang Seng ended the day up by 0.1% and 0.4% respectively. While the Shanghai Composite plunged by 0.3%.

The rupee is trading at 79.18 against the US$.

Gold prices for the latest contract on MCX are trading on a flat note at Rs 50,629 per 10 grams.

Note that despite trading on a flat note today, gold prices have fallen and have taken quite a knock in recent weeks.

Speaking of stock markets, 2022 has been a year of extreme volatility. One day the markets are falling like there's no tomorrow and the next day they are up by 1%.

However, this also means some fundamentally strong stocks are available at cheap prices. It might seem like it is the perfect time to go long in the market and make the most of the dips.

But wait, don't go long on the market just yet. In the below video, India's #1 trader Vijay Bhambwani, explains the domino effect and why not to go long on the market right now.

In news from the automobile sector, Tata Motors was among the top buzzing stocks today.

Tata Motors' subsidiary Tata Technologies has initiated preliminary steps to evaluate an initial public offer (IPO) on the back of accelerated demand in electric vehicles (EVs) and the aviation segment.

Tata Technologies is a global product engineering and digital services company. The company has already onboarded Citi for the IPO.

Tata Motors holds little more than a 74% stake in Tata Technologies, according to Tata Motors' 2022 annual report.

In early 2018, Tata Motors called off the sale of a significant minority stake of 43% in Tata Technologies to private equity major Warburg Pincus for US$ 360 m.

After reports suggested that the company was planning to monetize its assets, Tata Motors' share price climbed 2.2% on the BSE today.

The stock also got a boost from a decline in prices of metals and other commodities that the company uses as raw materials.

This comes amid robust sales growth in domestic markets. Tata Motors has sold over 9,000 EV units in the June quarter of the financial year 2023.

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

Moving on to news from the IT space, midcap company Vakrangee posted weak numbers for the June 2022 quarter.

The company's consolidated net profit fell by 80.6% year-on-year (YoY) to Rs 45.2m in the quarter under review as against Rs 233.3 m in the same period last year.

However, revenue from operations rose to Rs 2.3 bn in the June 2022 quarter from Rs 1.5 bn on a yearly basis.

Total expenses for the quarter under review nearly doubled to Rs 2.2 bn from Rs 1.2 bn on a YoY basis.

Post the quarter result announcement, Vakrangee shares tumbled 4.9% on the BSE today.

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