After opening the day on a positive note, Indian share markets gave up the early gains as the session progressed and ended the day marginally higher.

Benchmark indices rose marginally on Monday with high-weightage Reliance stock ensuring that the market ended in the green. The consistent inflow of foreign funds, firm economic outlook, and moderation in inflation have supported the market.

At the closing bell, the BSE Sensex stood higher by 64 points.

Meanwhile, the NSE Nifty closed up by 24 points (up 0.1%).

Reliance Industries, Tata Steel, and Bharti Airtel were among the top gainers today.

Titan, TCS, and HCL Tech on the other hand, were among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The SGX Nifty was trading at 19,434, down by 23 points, at the time of writing.

Broader markets ended on a negative note. The BSE Midcap index ended 0.4% lower while the BSE SmallCap was down by 0.3%.

Sectoral indices ended on a mixed note with stocks in the energy sector and metal sector witnessing most of the buying.

On the other hand, stocks from the IT sector and realty sector witnessed selling pressure.

Shares of Reliance Industries and Bharti Airtel hit their 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Asian stock markets ended on a mixed note. The Nikkei ended lower by 0.6%, while the Hang Seng ended higher by 0.6%. The Shanghai Composite ended higher by 0.2%.

The rupee is trading at 82.6 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 58,649 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.2% lower at Rs 71,180 per kg.
 

L&T completes transition of US$ 150 million loan to SLL

In news from the engineering sector, Larsen & Toubro (L&T) completed the transition of a US$ 150-million term loan with the Bank of America to a Sustainability Linked Loan (SLL).

The facility incorporates interest rate adjustments that are linked to the achievements of L&T's sustainability targets, such as the reduction of greenhouse gas emissions and water consumption intensity against the target levels.

These targets have been set on the basis that they are material to the company's business, and the loan is in line with their SLL principles.

L&T continues to focus on achieving water neutrality by 2035 and carbon neutrality by 2040. This transition to SLL with Bank of America is yet another step in that journey and underlines our intent on the ESG front.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out L&T's next big leap in the green hydrogen space.

Larsen and Toubro is a US$ 23-billion Indian multinational engaged in EPC projects for nearly eight decades.

Note that L&T has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favorite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

SpiceJet partners EaseMyTrip

Moving on to the news from the airline sector, travel agency company EaseMyTrip has signed a General Sales Agreement (GSA) with SpiceJet Airline.

Under this agreement, EaseMyTrip will be responsible for selling and promoting the products and services offered by SpiceJet in India that will help customers to avail the services of SpiceJet.

The agreement is a strategic intervention with an attempt for both companies to expand their services in the Indian market and will commence on 1 August 2023.

With EaseMyTrip's extensive network in the travel industry, the company will play an important role in boosting SpiceJet's sales. As per the GSA, EaseMyTrip will actively leverage its distribution channels and employ all necessary measures to enhance the distribution and network of SpiceJet.

The company's shares are down by more than 25% in 2023. 
 

Why Zee Entertainment's share price is falling

Moving on to news from the media sector, shares of Zee Entertainment Enterprises slumped over 6% on Monday after the Securities and Appellate Tribunal (SAT) declined to grant a stay on an order against Punit Goenka and Subash Chandra.

Subhash Chandra Goenka, chairman of the Zee Group, and Punit Goenka, CEO of Zee Entertainment, challenged the Securities and Exchange Board of India's (Sebi) decision to bar them from the Indian market.

But the final decision in the dispute is still pending.

The decision comes as Zee and a regional division of Sony Group Japan are nearing a merger that was initially announced in 2021 to form a US$ 10 billion TV company, with Goenka slated to serve as the merged company's managing director and CEO.

Zee Entertainment Enterprises is one of India's leading media and entertainment companies.

The share price of the company took a beating in January 2022, declining 12% in a month, and has been falling since then, down 28% in 2023.

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