By Aamar Deo Singh, Head Advisory, Angel Broking Ltd

Indian indices ended flat in today’s session amid volatility. Metal stocks shone in today’s trading session, while banking, financial, pharma, and FMCG stocks ended in the red.

Nifty went down by 0.05% or 5.15 points and closed at 11,222.40, while S&P BSE Sensex declined by 0.02% or 8.41 points and closed at 37,973.22.

Around 1170 shares advanced, 1406 shares declined, while 168 shares remained unchanged

Hindalco Industries (5.31%), UltraTech Cement (3.32%), JSW Steel (2.11%), Hero MotoCorp (2.85%), and TCS (2.49%) were among top Nifty gainers, while ONGC (3.48%), IndusInd Bank (3.46%), UPL (3.49%), Power Grid Corp (3.21%), and Axis Bank (2.79%) were among top Nifty losers.

The I.T, metal, and auto sector witnessed buying. On the other hand, bank, FMCG, infra, pharma and energy indices ended lower. BSE Midcap went down by 0.31% while BSE Smallcap rose by 0.03%.

BLS International Services Ltd.

The company recently won a contract from the Republic of Estonia to provide services with regards to the issuance of the digital ID. The digital ID will be issued to the e-residents granted by the Estonian Police and Border Guard Board. The share prices of the company went up by 4.20% and traded at Rs.90.50.

Caplin Point Laboratories Ltd.

Stocks of the company declined by 3.19% and traded at Rs.557.60 amid the pandemic-led selloff.

Shree Cement Limited

The stocks of Shree Cement rose by 1.34% and traded at Rs. 19,795.00 after the company approved setting up of a Clinker Unit at Baloda Bazar in Raipur. The capacity of the plant will be up to 12,000 tons per day and will require an investment of around 1000 crore.

SBI Cards and Payment Services Ltd.

SBI Cards entered into a strategic partnership with American Express. The partnership will offer a mix of global benefits and exclusive privileges to its customers in India. The stocks of SBI Cards surged by 0.43% and traded at Rs.845.00.

Steel Strip Wheels Ltd.

The company received an export order for 9,000 wheels for the EU trailer market. The order will be executed in October and November from its Chennai Plant. The share price of the company went up by 2.29% and traded at Rs.443.15.

Prime Focus Limited

The company announced its intentions to commence a private offering worth USD 375 million in an aggregate principal amount of secured notes due in 2025. The stocks of the company surged by 9.97% and traded at Rs.41.35 in today’s trading session.

Indian Rupee

Indian rupee ended lower at Rs.73.86 against the U.S. Dollar amid volatile domestic equity markets.

Mixed Global Market Cues

The Asian and European markets traded mixed in today’s session amid the resurgence of the new COVID-19 cases and recovery in the U.S. markets in the wake of last week’s selloff. Nasdaq rose by 1.87%, FTSE MIB rose by 0.02%, Nikkei 225 went up by 0.12%, while FTSE 100 and Hang Seng declined by 0.49% and 0.85% respectively.

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