After opening the day flat, Indian share markets stayed in the red zone for the better part of the day but staged a smart rebound in the end, closing the day flat.

Benchmark indices ended flat as a slide in information technology stocks overshadowed the gains in auto and realty amid hopes of a rate hike pause by the US Federal Reserve and Reserve Bank of India heading into their policy meetings.

At the closing bell, the BSE Sensex stood higher by 5 points.

Meanwhile, the NSE Nifty closed marginally higher by 5 points.

Axis Bank, Kotak Mahindra, and Grasim were among the top gainers today.

Tech Mahindra, Infosys, and TCS 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 18,684, down by 41 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 0.3% higher and BSE SmallCap ended 0.4% higher.

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

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

Shares of Procter & Gamble Health and Hindustan Aeronautic 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 mixed note. The Nikkei ended higher by 0.9%. while the Hang Seng ended flat. The Shanghai Composite ended 1.2% lower.

The rupee is trading at 82.62 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 59,959 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading flat at Rs 71,976 per kg.
 

Why La Opala RG's share price is rising

In the news from the glass sector, shares of La Opala RG gained 2% today, a day after Nippon India Mutual Fund bought 1.8 m shares or 1.7% stake in the tableware company at an average price of Rs 399.05 per share.

Apart from Nippon India MF, other fund houses that have a stake in the company include ICICI Prudential MF, DSP MF, HDFC MF, and Whiteoak Capital.

Further, Sumeet Nagar Via Malabar India Fund trimmed up around a 2% stake in the smallcap company through a bulk deal on 5 June 2023.

Ace investor sold 1.9 million (m) shares, or 1.7% stake, in the company for Rs 752 million (m).

According to bulk deal data from the exchanges, the deal was executed at a weighted average price of Rs 399 a share.

La Opala RG rose around 56.5% in the past year. over a month, the share price has gone up by 9.5%.

TCS launches Dexam on Google Cloud

Moving on to news from the IT sector, Tata Consultancy Services (TCS), India's largest IT services company today announced to launch data exchange and marketplace (Dexam) platform on Google Cloud on Tuesday.

TCS Dexam provides a seamless data exchange for enterprises and their ecosystem partners while ensuring compliance with data privacy, consent, and security regulations.

As enterprises come together to form collaborative ecosystems to create new products and services for their mutual customers, they require mechanisms to effectively and securely share data.

The cloud-agnostic platform provides a self-service, secure environment that uses standardized tools and technologies to facilitate data extraction.

It leverages Google Cloud's built-in security and compliance features, such as data encryption and access control, to help ensure data is protected and used in accordance with industry regulations and best practices.

Rail Delivery Group is using TCS Dexam on Google Cloud to help create the UK Government's Rail Data Marketplace.

This initiative brings together strategic partners, data publishers, and data consumers on a single platform to accelerate innovation and deliver new products and services.

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.
 

L&T's EPC order win

Moving on to news from the engineering sector, L&T's construction arm on Tuesday bagged a significant order in the domestic market.

The orders have been received from a reputable developer to construct commercial towers at two locations in Mumbai. The scope of the work includes four-level basements and two towers, with 70 floors and 50 floors, respectively, to be done in 40 months.

The other location will have four-level basements and two towers of 19 floors each, to be completed in 35 months.

As per the company, significant orders are in the range of Rs 10 bn to Rs 25 bn.

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.

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