Indian share market today: Nifty ends flat; check top gainers and losers
Share Market Today In India
Nifty ended Tuesday's volatile session on a flat note as concerns over soaring oil prices were partly offset by China relaxing COVID-19 curbs. Nifty closed 0.11% higher at 15,850.20. The Indian rupee settled at a record closing low of 78.78 on Tuesday against Monday's close of 78.34.
Top Gainers and Losers in the Indian Stock Market Today
ONGC gained 5%: ONGC jumped 5% amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.
Vedanta gained 3%: Vedanta extended the rally after JP Morgan raised the target price to Rs 490, citing benefits from higher LME zinc prices.
National Aluminum up 3%: Nalco extended gains amid a rally in metal stocks on the back of easing Covid curbs in China.
KPIT Tech jumped 3%: KPIT Tech shares jumped 3% amid rebound in the IT sector following recent plunge due to recession fears.
Ashok Leyland up 3%: Ashok Leyland rallied 3% after Religare Broking retained a Buy rating on the stock citing favourable technical factors for the stock.
Coal India up 3%: Coal India jumped 3% after ICICI Direct maintained a buy call. Going forward, the brokerage expects Coal India to report offtake of 675 Million tonnes (MT) in FY23E and 700 MT in FY24E.
M&M gained 3%: M&M shares rose 3% as investors cheered the launch of Scorpio-N. M&M touched a new 52-week high.
IOC soared 2%: IOC jumped 2% amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.
Tech Mahindra jumped 2%: Tech Mahindra extended gains amid a rebound in IT stocks as analysts noted that tapering of inflation expectations in the US will be a key positive for the IT sector.
GAIL gained 2%: GAIL closed 2% higher amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.
Reliance up 2%: Reliance Industries jumped 2% amid a rally in oil marketing companies due to higher crude oil prices.
Tata Steel up 1%: Tata Steel shares jumped 1% after Moody's upgraded outlook on the company to 'positive' from 'stable'.
IRCTC up 1%: IRCTC recovered amid positive sentiments in the market after a 12% fall over the last month due to disruptions caused by Agnipath scheme protests.
BPCL up 3%: BPCL jumped 1%% amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.
HCL Tech closed 1% up: HCL Tech extended gains after Motilal Oswal maintained its positive stance on the IT sector on the back of sustained growth with stable margins.
Happiest Minds fell 2%: Happiest Minds continues to trade near 52-week lows after global brokerage firm Morgan Stanley sold its stake in the company last week.
Asian Paints down 3%: Asian Paints fell 3% to emerge among Nifty's major losers as analysts raised concerns over raw material inflation.
Zomato down 7%: Zomato extended losses after the company announced the acquisition of Blinkit in a share-swap deal for Rs 4,447 cr.
What happened in the Indian stock market today?
Markets ended on a flat note with Nifty at 15850 mark.
Any major stock price movement?
Zomato plunged 8% post its acquisition of instant delivery firm Blinkit.
What happened in various sectors?
All sectoral indices ended flat to positive except Nifty Bank and Financial Services.
Which were top Nifty gainers and losers?
ONGC, Hindalco, Coal India, gained while Titan, Asian Paints, Bajaj Finserv fell.