Sensex Ends Flat; Wipro & Hindalco Industries Among Top Nifty Gainers

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices gave up early gains during closing hours as investors worried about the surge in Covid cases in the country and the WPI inflation soaring to an eight-year high.

At the closing bell, the BSE Sensex stood higher by 28 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 36 points (up 0.3%).

Asian Paints and UltraTech Cement were among the top gainers today.

ICICI Bank and Bajaj Finance, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,640, up by 46 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended higher by 1.2% and 1.1%, respectively.

Sectoral indices ended on a mixed note with stocks in the automobile sector and power sector witnessing most of the buying interest.

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

Shares of DCM Shriram and Bajaj Electricals hit their 52-week highs today.

Asian stock markets ended on a positive note today as China's economy grew at a record pace in the first quarter, expanding 18.3% from a year earlier as the recovery from the coronavirus slump accelerated.

The Hang Seng and the Shanghai Composite ended the day up by 0.9% and 0.8%, respectively. The Nikkei ended up by 0.1%.

US stock futures are trading on a positive note today with Dow Futures trading up by 51 points.

The rupee is trading at 74.32 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 46,999 per 10 grams.

In news from the retail sector, Rakesh Jhunjhunwala has offloaded 2.27 million shares in one of his favorite picks Titan Company in the March quarter of the financial year 2021.

As per data available with BSE, Jhunjhunwala and wife Rekha Jhunjhunwala together held 45 million shares, or a 5% stake of Titan at the end of the March quarter. Jhunjhunwala held 35.3 million shares, while Rekha has 9.6 million shares.

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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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