Indian share markets witnessed negative trading activity throughout the day today and ended deep in the red.

Benchmark indices snapped their 3-day winning streak and ended lower as investors booked profit post a recent rally and tepid global cues.

At the closing bell, the BSE Sensex stood lower by 770 points (down 1.3%).

Meanwhile, the NSE Nifty closed lower by 220 points (down 1.2%).

Hero MotoCorp and Bajaj Auto were among the top gainers today.

HDFC and ONGC, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,513, down by 296 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.9% and 0.4%, respectively.

Sectoral indices ended on a negative note with stocks in the IT sector, realty sector and engineering sector witnessing most of the selling pressure.

Consumer durables and auto stocks, on the other hand, witnessed buying interest.

Shares of Deepak Fertilisers and Bharat Dynamics hit their respective 52-week highs today.

Photo by Srikanth D on Unsplash

Asian stock markets ended on a mixed note today.

The Hang Seng ended up by 1.1%, while the Shanghai Composite ended down by 1%. The Nikkei ended down by 1.1% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 139 points.

The rupee is trading at 74.86 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 47,961 per 10 grams.

In news from the retailing sector, Titan was among the top buzzing stocks today.

Jewellery and watchmaker Titan Company reported a standalone net profit of Rs 9.9 bn for the December quarter, up 135% against a profit of Rs 4.2 bn in the same quarter last year.

Revenue from the sale of products came in at Rs 93.8 bn, up 34.8% against Rs 69.1 bn in the same quarter last year.

The company said it saw strong demand across its consumer businesses. Its jewellery division did exceedingly well, and other divisions also witnessed growth over pre-pandemic levels.

'The festive purchases have driven Titan's strong growth in all businesses, and it has turned out to be one of the best quarters in terms of growth and profitability,' said CK Venkataraman, Managing Director, Titan.

He further added,

• We continue to leverage technology and innovations in launching our new products and campaigns, which have been received very well by the consumers. While the onset of third Covid wave has slowed down the strong momentum, the company is hopeful of ending the year on a positive note.

Driven by festive purchases in October and November, the jewellery business registered an income of Rs 85.6 bn with 37% growth. The division achieved earnings before interest and tax (EBIT) of Rs 12.6 bn for the quarter compared to Rs 7.5 bn in the same quarter of the previous year, said Titan.

The watches and wearables business recorded an income of Rs 7.1 bn with 29% growth during the quarter. The division reported an EBIT of Rs 820 m compared to Rs 570 crore in the same quarter of the previous year.

The eyewear business recorded revenue growth of 26% while EBIT came in at Rs 340 m in the third quarter compared to Rs 220 m in the same quarter of the previous year.

Titan share price ended on a flat note on the BSE.

Speaking of the country's largest watchmaker, here's an interesting data on Titan...

Even a tiny investment of Rs 1,000 per month in the stock of Titan, since 2002, would have led to mouth-watering returns.

Take a look at how the power of compounding has gone wild here...

Gillette India to Market and Sell Braun Grooming Products in India

Fast moving consumer goods company (FMCG) Gillette India, has commenced marketing and sales of its personal grooming brand Braun in India.

The addition of Braun adds a range of male and female grooming products like electric shavers, trimmers, epilators, intense pulse light hair removal devices, and hair care devices to the company's existing portfolio of brands such as Gillette, Oral B, King C Gillette in India, it said in a statement.

Braun, a subsidiary of Procter & Gamble was founded in Germany in 1921, it sells electric grooming appliances. Braun was earlier imported in India through a distributor. The brand will now be sold and marketed in India through a P&G India entity; marketing will be more localized for the Indian market.

Braun products will be available on e-commerce platforms. Demand for grooming products in the country surged as mobility restrictions pushed consumers to shift grooming routines in-home. Companies expect this trend to continue even as salons open.

Gillette India share price ended the day down by 2.6% on the BSE.