Indian share markets witnessed volatile trading activity throughout the day today and ended lower.
Benchmark indices erased early gains and ended the day on a negative note after witnessing selling pressure in afternoon deals, dragged by power stocks.
At the closing bell, the BSE Sensex stood lower by 67 points (down 0.1%).
Meanwhile, the NSE Nifty closed lower by 27 points (down 0.2%).
Coal India and Divis Laboratories were among the top gainers today.
Shree Cement and UPL, on the other hand, were among the top losers today.
The SGX Nifty was trading at 15,746, down by 42 points, at the time of writing.
The BSE Mid Cap index ended on flat note, while the BSE Small Cap index ended up by 0.6%.
Sectoral indices ended on a mixed note with stocks in the power sector, finance sector and banking sector witnessing most of the selling pressure.
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IT and energy stocks, on the other hand, witnessed buying interest.
Shares of Infosys and Tata Elxsi hit their respective 52-week highs today.
Asian stock markets ended on a mixed note today.
The Hang Seng ended down by 0.6%, while the Shanghai Composite ended the day up by 0.5%.
The Nikkei ended the day on a flat note.
US stock futures are trading on a negative note today with the Dow Futures trading down by 65 points.
The rupee is trading at 74.32 against the US$.
Gold prices for the latest contract on MCX are trading on a flat note today at Rs 46,540 per 10 grams.
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In news from the packaging sector, Uflex was among the top buzzing stocks today.
Shares of Uflex hit a fresh lifetime high after they zoomed 20% to Rs 572.9 on the BSE today on the back of a robust March quarter result.
India's largest multinational flexible packaging company and a global player in polymer sciences posted 163% year on year (YoY) jump in its consolidated net profit at Rs 2.6 bn supported by healthy operational performance.
Consolidated revenue also grew 45% YoY at Rs 25.7 while consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 87% YoY to Rs 5.2 bn and margins improved to 20.1% from 15.6% in the same quarter last year.
In a statement the company said,
That apart, taking into consideration the growing demand of the company's products (aseptic packaging), Uflex has announced capital expenditure (capex) of Rs 1.2 bn for printing line and some associated equipment.
The board of directors has recommended a dividend of Rs 2.5 per share that is 25% of face value of Rs 10 per share for the financial year ended March 2021.
Uflex share price ended the day up by 19.3% on the BSE.
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Moving on to news from the pharma sector...
Cipla share price hit a new record high of Rs 997.2 apiece on the BSE today after the Drugs Controller General of India (DCGI) approved the firm to import Moderna, a Covid-19 vaccine, with emergency use authorisation in India.
Moderna's vaccine will be the fourth Covid-19 jab to be available in India after Covishield, Covaxin and Sputnik.
'New drug permission has been granted to Moderna, the first internationally developed vaccine. This new drug permission is for restricted use,' Dr VK Paul, Member-Health, Niti Aayog said.
In a separate BSE filing, Cipla along with Dr Reddy's Laboratories, Sun Pharma, Emcure Pharma and Torrent Pharma announced that the five companies will collaborate for the clinical trial of the investigational oral antiviral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting in India.
The stock has gained over 4% in the last four days.
Cipla share price ended the day down by 0.7% on the BSE.
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Read the latest Market Commentary
What else is happening in the markets today? Dig in...
TATA ELXSI share price has hit an all time high at Rs 4,320 (up 6.3%). The BSE IT Index is up by 1.1%. Among the top gainers in the BSE IT Index today are TATA ELXSI (up 6.3%) and COFORGE (up 1.9%). The top losers include HEXAWARE TECHNOLOGIES and L&T INFOTECH (down 0.5%).
Jun 30, 2021 01:48 PMDIVIS LABORATORIES share price has hit an all time high at Rs 4,430 (up 1.5%). The BSE HEALTHCARE Index is up by 0.6%. Among the top gainers in the BSE HEALTHCARE Index today are DIVIS LABORATORIES (up 1.5%) and ABBOTT INDIA (up 1.4%). The top losers include IPCA LABS and GSK PHARMA .
Jun 30, 2021 12:30 pmBSE Sensex is trading up by 255 points, while the NSE Nifty is trading up by 76 points.
Jun 30, 2021 09:30 amIndian share markets open higher. The BSE Sensex opened up by 184 points, while the Nifty is trading higher by 54 points.
Jun 30, 2021 09:32 AMRELIANCE POWER share price is trading up by 5% and its current market price is Rs 16. The BSE POWER is down by 0.7%. The top gainers in the BSE POWER Index is RELIANCE POWER (up 5.0%). The top losers are NHPC (down 0.6%) and NTPC (down 0.6%).
Jun 30, 2021 09:30 AMTATA ELXSI share price has hit an all time high at Rs 4,171 (up 3.6%). The BSE IT Index is up by 0.7%. Among the top gainers in the BSE IT Index today are TATA ELXSI (up 3.6%) and L&T INFOTECH (up 0.5%). The top losers include HEXAWARE TECHNOLOGIES and TCS .
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