Indian share market traded with a negative bias throughout the day and ended on a flat note.
Benchmark indices recovered losses during closing hours but investors remained cautious to the central banks' future course of action.
Nervousness persisted as focus shifted to US monthly jobs data scheduled to be announced later today.
At the closing bell, the BSE Sensex stood higher by 31 points (down 0.1%).
Meanwhile, the NSE Nifty closed higher by 17 points (down 0.1%).
Titan, Power Grid Corporation, and ONGC were among the top gainers today.
BPCL, Mahindra & Mahindra, and JSW Steel on the other hand, were among the top losers today.
The SGX Nifty was trading at 17,323 up by 7 points, at the time of writing.
Broader markets ended on a mixed note. The BSE Midcap dived lower by 0.2% and the BSE SmallCap index ended higher by 0.3%.
Sectoral indices ended on a mixed note with stocks in the telecom sector, realty sector, and power sector witnessing buying.
On the other hand, oil & gas sector, energy sector, and FMCG sector stocks, witnessed selling.
Shares of Himadri Speciality Chemical, Ujjivan Financial Services, and Solar Industries hit their 52-week highs today.
Titan, HDFC Bank, and Reliance were amongst the most active shares on the BSE today.
If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.
Asian stock markets ended on a weak note. The Nikkei ended the day lower by 0.7%, while the Hang Seng dived lower by 1.5%. The Shanghai Composite ended 0.6% lower.
The rupee is trading at 82.3 against the US$.
Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 51,972 per 10 grams.
Meanwhile, silver prices for the latest contract on MCX are trading higher by 0.6% at Rs 61,346 per 1 kg.
Speaking of stock markets, Yazad Pavri talks about the Tata group and how it's beating Ambani and Adani, in his latest video.
For all those who believe the race to become the biggest corporate house in India is between Reliance and Adani, it might be prudent to consider the Tata group.
Also, to understand what our readers are thinking in the current market environment, we ran a poll on Equitymaster's telegram channel.
This is what we asked our readers:
With a response from 980 participants, the answer is right in front of you. Majority of investors are looking to buy stocks. These investors could be of the view that the current momentum in stock market could continue.
As we're dealing with extreme volatility these days, it's always important to keep some money off the table rather than going all-in.
While this period may seem like is a good opportunity to double down on your investments or even put some fresh funds in the market, you should keep your head on a swivel.
In news from the retail sector, Titan share price was among the top buzzing stocks today.
The share price of Titan jumped 5% on strong Q2 growth.
Tata Group company Titan recorded an increase in sales for the quarter ended September 2022.
The sales in the September quarter showed a growth of 18% year-on-year basis on the back of healthy double-digit growth across most businesses.
Its jewelry division, which contributes around 85% of its revenue, grew 18% YoY due to the festive demand.
However, the gold jewelry clocked low double-digit growth studded sales were higher than the overall division, driven by good activations and better contribution from high-value purchases.
The revenue from its watch business grew 20% YoY, recording its highest quarterly revenue.
The company's eyecare business grew 7%, and other businesses that include sarees and perfumes grew 58% compared to the last year.
Commenting on it, Titan in an exchange filling said,
Apart from this, Titan today rolled out its new campaign 'For the love of watches' to celebrate and showcase its wide range of men's and women's timepieces.
To know more, check out Titan's latest news and analysis.
Speaking of Titan, here's some interesting data, even a tiny investment of Rs 1,000 per month in the stock of Titan, since 2002, would have led to mouthwatering returns.
Take a look at how the power of compounding has gone wild here...
Believe it or not Titan was a Tata group penny stock two decades ago.
Moving on to news from the engineering sector, Varroc Engineering was also in focus today.
Share price of Varroc Engineering tanked 9% after the company amended the lighting business deal.
The company today completed the disinvestment of the 4-wheeler lighting business in the Americas and Europe.
The company's Netherland-based subsidiary entered into an amended settlement agreement with Vale Vision France for divesting its 4-wheeler lighting systems business.
As per the amendment, the said transaction price was reduced from Euro 600 m to Euro 520 m for the unit that contributed 54% of the total revenue of the company.
Commenting on it, Varroc Engineering in exchange filling said,
This deal is to significantly strengthen the company's balance sheet and operational performance. The disinvestment would further remove significant operational overhangs and financial overhangs, improving its capacity to invest in upcoming disruption in the automotive industry.
Varroc Engineering designs manufactures and supplies exterior lighting systems plastic and polymer components to car commercial vehicle, two-wheeler three-wheeler, and off highway vehicle OEMs directly worldwide.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
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