Indian share markets retreated on Monday from their longest winning streak since last October, ending on a weaker note.

Benchmark indices ended lower in the volatile session as bluechip companies reported their Q1 results over the weekend.

At the closing bell, the BSE Sensex stood lower by 306 points (down 0.6%).

Meanwhile, the NSE Nifty closed lower by 88 points (down 0.5%).

Tata Steel, IndusInd Bank, and Asian Paints were among the top gainers today.

M&M, Reliance Industries, and Maruti Suzuki, on the other hand, were among the top losers today.

Reliance Industries' share price fell after it reported lower than expected net profits in the June 2022 quarter.

The SGX Nifty was trading at 16,619, down by 107 points, at the time of writing.

The broader markets ended on a mixed note. The BSE MidCap index ended on a flat note while the BSE SmallCap index ended lower by 0.1%.

Sectoral indices ended on a mixed note today with stocks in the energy sector, the auto sector, banking sector, and realty sector witnessing most of the selling.

On the other hand, stocks in the metal sector and utility sector witnessed most of the buying.

Shares of ITC and Adani Enterprises hit their 52-week highs today.

Reliance Industries, HDFC Bank, and Tata Steel were amongst the most active shares on the BSE today.

Asian share markets ended on a weak note today following losses on Wall Street, with traders looking ahead to a Federal Reserve policy meeting later in the week, amid the economic slowdown fears.

The Nikkei ended the day down by 0.8%, while the Hang Seng inched lower by 0.2%. The Shanghai Composite ended 0.6% lower.

Restricting the fall in rupee, it is trading at 79.71 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,702 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading down by 0.2% at Rs 55,047 per 1 kg.

Of late, gold prices are falling while silver isn't far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.

In news from the infra sector, Larsen & Toubro is selling eight operational road assets and a power transmission project to Edelweiss Infrastructure Yield Plus, a fund managed by Edelweiss Alternative Asset Advisors.

As reported in The Economic Times, the deal was signed earlier this month at an enterprise valuation of Rs 70 bn.

The financial daily also reported that the company is awaiting regulatory approvals from the National Highways Authority of India and the market regulator.

The report added that the latest move is part of L&T's asset-light strategy of exiting several non-core assets.

In other news, the real estate development arm of L&T signed agreements to jointly develop projects worth Rs 80 bn in Mumbai as part of its expansion plan.

L&T Realty said this is a part of the company's larger plan to strengthen its footprint in major metros by adding around five million square feet per year over the next five years.

In other news from the infra space, Ahluwalia Contracts bags three orders cumulating to Rs 11.3 bn.

The orders have been awarded by different entities like the Government of Assam, National Buildings Construction Corporation, and Alborz Developers.

Post the announcement, Ahluwalia Contracts' share price ended 2.9% higher on the BSE today.

Speaking of infra stocks, have a look at the chart below to see how the infra index has performed over the years:

The increased capex plans, backed by the government's announcements on the production-linked incentive (PLI) schemes have pushed the index higher in the past year.

Global supply chains are shifting away from China and India is a key beneficiary of that trend.

Moving on to stock-specific news, Zomato was among the top buzzing stock today.

Zomato's share prices were under heavy sell-off pressure as one year's lock-in for nearly 78% paid-up capital of the food chain platform ended today.

Zomato shares crashed in early morning deals on Monday and went on to breach its lifetime low of Rs 50.1 apiece, later making another record low of Rs 47.5 within a few minutes of the stock market's opening bell today.

Zomato's share price ended 11% lower on the BSE today.

Note that Zomato share prices are falling after staging a strong debut on the bourses as the company struggles to post positive bottom line figures.

However, these mutual fund schemes have invested in beaten-down stocks like Zomato and Paytm.

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