Indian Share Markets End Flat Amid Volatility; Bajaj Auto & Reliance Industries Among Top Losers

Thu, 30 Dec Closing

   Previous Close   

   Pre-Open   

   10:30 am   

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices witnessed yet another rangebound trading session as investors preferred to stay on the sidelines amid the year-end celebrative mood.

At the closing bell, the BSE Sensex stood lower by 12 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 10 points (down 0.1%).

NTPC and IndusInd Bank were among the top gainers today.

Bajaj Auto and Reliance Industries, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,280, up by 74 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.2%.

Sectoral indices ended on a mixed note with stocks in the energy sector and oil& gas sector witnessing most of the selling pressure.

IT and consumer durables stocks, on the other hand, witnessed buying interest.

Shares of Persistent Systems and Grindwell Norton hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended up by 0.1% and 0.6%, respectively. The Nikkei ended down by 0.4% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 17 points.

The rupee is trading at 74.41 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,639 per 10 grams.

Speaking of stock markets, Brijesh Bhatia talks about the year 2021 in review and what he got right and wrong in 2021, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the finance sector, SBI Cards and Paytm were among the top buzzing stocks today.

Paytm's parent One97 Communications was in focus today after the company announced a collaboration with SBI Cards.

Digital payment lender Paytm partnered with SBI Cards and Payment Services - the credit card arm of the state-owned lender SBI, to enable cardholders to tokenise their cards on devices and make payments through Paytm.

In a regulatory filing, SBI Cards said the product, 'SBI Card portfolio enabled on Paytm', will be launched on today.

Detailing the digital payments solution, SBI Cards said that only cards issued in India are enabled on the Paytm network.

However, customers may transact using the SBI Card through the Paytm network in international locations, it added.

SBI Cards reported a 67% jump in net profit at Rs 3.5 bn for the September quarter on the back of good growth in retail and corporate spends.

The pure-play credit card company had registered a net profit of Rs 2.1 bn in the same period a year ago.

The increase was primarily due to higher income from fees and services during the quarter.

SBI Card share price ended the day up by 0.1% on the BSE.

Moving on to news from the auto sector...

Hero MotoCorp Partners with Gogoro to Launch Electric Scooter in India

India's Hero MotoCorp and Taiwan's Gogoro Inc today announced a strategic partnership to bring a new generation of electric bikes and scooters to India.

Hero MotoCorp is the world's largest producer of motorcycles and scooters. Gogoro is a world leader in urban battery swapping and smart mobility innovation.

The two companies will be establishing a joint venture to use Gogoro's battery swapping platform with Hero's motorbikes and scooters to develop new electric vehicles for Indian markets.

Dr Pawan Munjal, Chairman, and CEO, Hero MotoCorp, in an official press release said,

• Our strategic partnership with Gogoro is in line with our Vision - 'Be the Future of Mobility' which we are bringing alive through our Mission to 'Create, Collaborate & Inspire'.
  
  Today marks another major milestone in our journey, as we bring Hero's leadership in two-wheelers, our global scale, and innovation powerhouse, with the leadership of Gogoro in swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world.

Both the corporations plan to expand to other markets after launching in India and around 40 other countries. The new electric vehicles (EVs) will be sold under the Hero brand. Other details like pricing, covered cities, and vehicle designs will be announced soon.

Hero MotoCorp share price ended the day down by 0.1% on the BSE.

Speaking of EVs, have a look at the chart below which shows the massive opportunity in the two-wheeler electric vehicles space.

Here's what lead Smallcap Analyst at Equitymaster, Richa Agarwal wrote about this in a recent edition of Profit Hunter:

• In the last five years, two-wheeler sales in India were around 2 crore units per year. Now the sector is cyclical and has been in the downturn for some time. So let's consider a moderate 5% growth for the next 10 years.
  
  By 2030, we are looking at 2-wheeler sales of 3 crore units. Even if one third of this is EV sales, that's 1 crore electric 2-wheelers per year.
  
  In the last 2 years, average electric 2-wheeler sales were 1.5 lakh units. From 1.5 lakh to 1 crore, that's a 66x opportunity in 2-wheeler EVs.
  
  This is an annual growth rate of 52% over next 10 years. It's an almost vertical growth opportunity.

As per Richa, this is like a gold rush. But like in any gold rush, the winners will just be a few.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers