Sensex, Nifty End Flat; Asian Paints, UPL & ITC Among Top Gainers

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

Benchmark indices fluctuated between gains and losses as rising inflation in the US and the likelihood of lower earnings in the June quarter spooked investors.

At the closing bell, the BSE Sensex stood higher by 42 points (up 0.1%).

Meanwhile, the NSE Nifty closed lower by 19 points (down 0.1%).

Asian Paints and UPL were among the top gainers today.

Coal India and Tata Motors, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,724, up by 216 points, at the time of writing.

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

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

FMCG stocks, on the other hand, witnessed buying interest.

Shares of UPL and Welspun India hit their respective 52-week highs today.

Asian stock markets ended on a positive note as US benchmarks halted a three-day slide, with signs of a strengthening labor market outweighing investors' concerns about rising inflation.

The Hang Seng and the Shanghai Composite ended the day up by 1.1% and 1.8%, respectively. The Nikkei zoomed 2.3% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 145 points.

The rupee is trading at 73.28 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 47,545 per 10 grams.

In news from the IT sector, Happiest Minds Technologies was among the top buzzing stocks today.

Shares of Happiest Minds plunged over 8% in intra-day trade today even as the company reported a strong set of numbers for the quarter ended March 2021.

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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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