After opening the day flat, Indian share markets remained muted throughout the session and ended flat.

Benchmark indices ended flat as the market awaited fresh triggers, while Shree Cement plunged after a report said an income tax probe found tax evasion of Rs 230 bn (US$ 2.81 bn).

At the closing bell, the BSE Sensex stood lower by 9 points.

Meanwhile, the NSE Nifty closed up by 26 points (up 0.1%).

Cipla, Adani Enterprises, and Hero MotoCorp were among the top gainers today.

NTPC, TCS, and Coal India 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 18,719, up by 4 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 1% higher while the BSE SmallCap rose by 0.7%.

Barring the energy sector, other sectoral indices ended the day on a positive note with stocks in the auto sector and healthcare sector witnessing most of the buying.

Shares of Trent & Force Motors hit their 52-week highs today.

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

Asian stock markets ended on a positive note. The Nikkei ended lower by 0.3%, while the Hang Seng ended down by 0.5%. The Shanghai Composite ended lower by 1.5%.

The rupee is trading at 82.07 against the US$.

Gold prices for the latest contract on MCX are trading 1.5% higher at Rs 69,121 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.5% higher at Rs 58,574 per kg.
 

L&T Construction bags significant orders

In news from the engineering sector, Larsen & Toubro (L&T) today announced that its power transmission and distribution business secured significant new orders in India and abroad.

The company's power transmission and distribution business has bagged two orders in the Middle East for the upgrade of electrical networks in large industrial facilities.

Besides, it won an order for building a transmission line in Andhra Pradesh.

In the Middle East, the scope of the two orders involves establishing gas-insulated substations with associated high-voltage cable systems. Also, the power transformers and control and protection systems will be installed as part of the work.

In India, the company received an order for building a 765kV transmission line, which will facilitate the evacuation of renewable energy from the wind and solar energy hub being established around Kurnool in Andhra Pradesh.

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.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. 
 

TCS, Standard Life team up

Moving on to news from the IT sector, IT services giant Tata Consultancy Services (TCS) has entered into a strategic partnership with Standard Life International DAC, a wholly-owned subsidiary of the Phoenix Group.

The deal is to transform its operating model and enhance the customer experience for its policyholders in Europe, using the TCS Digital Platform for Life and Pensions.

TCS has had a long-standing partnership with the Phoenix Group in the UK, where its UK subsidiary Diligenta has digitally transformed the operating model and administers more than 10 million policies for the latter.

The two organizations are keen to replicate this successful model, extending the same enhanced digital experience to policyholders in Germany and Austria and then in other European markets.

With this partnership, TCS will set up a customer operations center in Germany and a future-ready Life and Pensions Digital Platform for Germany and Austria, with capabilities to extend into other European markets.

TCS will initially transform and migrate more than 400,000 policies comprising SLIDAC's German and Austrian life and pension books to its platform and create comprehensive, omnichannel, journey-based digital experiences for policyholders and advisors.

Tata Consultancy Services (TCS) is a bright shining star in the galaxy of Tata Group companies.

TCS has been one of the favorite stocks of investors because of the performance it has delivered since its listing.

If you had invested Rs 1 lakh in TCS shares at the issue price of Rs 850 in the IPO in 2004, the value of that investment today would be around Rs 3,176,000, a return of almost 3,000% by August 2022.

With strong fundamentals, it stands among the 5 best long-term companies of 2023.
 

Infosys & Danske Bank's digital deal

Moving on India's second-largest IT services firm Infosys, on Monday, was selected by Denmark-based Danske Bank as a partner to accelerate the lender's digital transformation.

The deal is valued at US$ 454 m for five years with an option to renew for one additional year for a maximum of three times.

This is backed by significant investments in digitalization and technology, including plans to further develop our customer-facing digital solutions.

The lender provides banking services to individuals, businesses, and institutions.

The partnership involves Infosys working with Danske to accelerate the bank's technological transformation. The IT giant will also acquire Danske Bank's IT center in India.

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