Sensex Ends Flat; Automobile And Metal Stocks Witness Buying

Share markets in India witnessed volatile trading activity throughout the day and ended on a flat note.

Sectoral indices ended on a mixed note with stocks in the IT sector and banking sector witnessing selling pressure, while automobile stocks and metal stocks witnessed buying interest.

At the closing bell, the BSE Sensex stood lower by 17 points while the NSE Nifty closed up by 15 points. The BSE Mid Cap index ended the day up by 0.3%, while the BSE Small Cap index ended the day up by 0.8%.

The rupee was trading at 71.31 against the US$.

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In news from the automobile sectorTata Motors share price was in focus today.

Shares of the company gained over 4% today after the company bagged an order to supply 500 units of its electric Tigor sedans from a Delhi-based mobility service provider called Prakriti E-Mobility Pvt Ltd.

The vehicle manufacturer will supply 160 electric Tigor cars in the first batch early January where the electric vehicle specific taxi service provider would deploy the fleet on its app-based platform called 'EVERA' in Delhi NCR.

Last month, the company had announced that it bagged order to supply 500 electric cars including 400 units of its Tigor EV and 100 units of electric Nexon to Bangalore-based commercial EV fleet provider Lithium Urban Technologies.

Earlier this month, the company also unveiled its first electric car for personal segment - Nexon EV. The Nexon EV is expected to be priced in the range of Rs 1.5-1.7 million and will offer an 8-year warranty (or up to 160,000 kms, whichever is earlier) on lithium ion battery and electric motor.

Note that shares of Tata Motors have surged in the past three months, gaining more than 50% in October-December quarter.

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