Indian share markets ended on a positive note today, although there was some volatility amid weakness in global markets.

Benchmark indices extended the rally for the third straight day led by index heavyweights Reliance Industries and HDFC twins.

At the closing bell, the BSE Sensex stood higher by 247 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 62 points (up 0.4%).

Axis Bank, M&M, and Bajaj Finserv were among the top gainers today.

Nestle, HCL Tech, and Sun Pharma, on the other hand, were among the top losers today.

HDFC Bank's share price fell post its Q1 result announcement.

The SGX Nifty was trading at 16,338, up by 48 points, at the time of writing.

The broader markets ended in the green. The BSE MidCap index ended higher by 0.6% and the BSE SmallCap index ended higher by 1%.

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

While stocks in the media sector and pharma sector witnessing most of the selling.

Shares of Siemens and Eicher Motors hit their 52-week highs today.

Vodafone Idea, Yes Bank, and Suzlon Energy were amongst the most active shares on the BSE today. If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended on a mixed note today, following overnight declines on Wall Street.

The Nikkei ended the day up by 0.7%, while the Hang Seng plunged by 0.9%. The Shanghai Composite ended on a flat note.

The rupee fell and hit a new record low today. It is trading at 79.92 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,384 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading down by 0.2% at Rs 55,964 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 mining space, state-run Coal India has canceled its short-term tender for which Adani Enterprises emerged as the lowest bidder.

The company plans to source more coal through a medium-term tender which is offering the fuel at a lower price, according to people in the know of the matter.

Coal India which accounts for almost 80% of the country's output, issued a short-term tender that aimed at supplies for July-September in the current fiscal year and a medium-term bid for securing coal till mid-2023.

As demand for electricity spikes, the country's largest coal producer is forced to import the fuel for the first time.

India's power demand hit an all-time high of 210.8 gigawatts on 9 June, driven by a spike in demand from households amid record high temperatures and a pick-up in industrial demand.

Coal India's share price closed 1.3% higher on the BSE today.

Speaking of Coal India, have a look at the chart below which shows the company's performance over the past decade.

Despite having a monopoly, shares of Coal India that once traded at Rs 350 (in 2010), now trading at Rs 195 levels.

Moving on to news from the auto ancillaries space, Steel Strips Wheels has approved a stock split in the ratio of 1:5.

The record date for the purpose of a stock split shall be decided after obtaining approval for sub-division from the shareholders at the forthcoming Annual General Meeting, the company announced.

Explaining the rationale behind the stock split decision, Steel Strips said it is to provide enhanced liquidity to the company's shares in the stock market and to encourage the participation of small investors by making equity shares of the company affordable.

Steel Strips is a manufacturer of automotive steel wheels & alloy wheels.

Post the announcement, Steel Strips Wheels' share price ended 2.6% lower on the BSE today.

Moving on, Sterlite Technologies was among the top buzzing stocks today.

Sterlite Technologies has bagged a deal worth Rs 2.5 bn for building an Indian telecom operator's optical network.

With this multi-year deal, the company aims to provide specialized optical fibers and deployment services to build the service provider's network across 9 telecom circles, pan India.

Sterlite Technologies is already a network modernization partner for the telecom player and with this deal, the company further strengthens its relationship with the telco.

Praveen Cherian, CEO of Sterlite Technologies Global Services said:

Through our solution, we will provide a 5G-ready and high-capacity network which is expected to enable the service provider to provide faster delivery of new services with enhanced user experience in East, South and North regions.

Post the announcement, Sterlite Technologies' share price ended 1.2% higher on the BSE today.

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