Indian share markets follow global cues and trade lower. The BSE Sensex is down 178 points, while the Nifty is trading lower by 69 points.
Asian stock markets are lower today as investors took cues from Wall Street falls on profit-taking and their focus shifting to the expected announcement this week of new stimulus in Japan.
The Nikkei plunged 0.8% while the Hang Seng fell 1.4%. The Shanghai Composite dropped 0.2%.
In US stock markets, Wall Street indices ended lower on inflation fears and supply chain concerns stemming from retailers' earnings.
The Dow Jones Industrial Average tanked 0.6% while the Nasdaq declined 0.3%.
Back home, Indian?share markets?are trading on a flat note.
The BSE Sensex is trading down by 178 points. Meanwhile, the NSE Nifty is trading lower by 69 points.
Bajaj Finance and Bajaj Finserv are among the?top gainers today. HCL Tech, on the other hand, is among the?top losers today.
The BSE Mid Cap index and the BSE Small Cap index are trading lower by 0.6% and 0.4%, respectively.
Barring finance, all sectoral indices are trading in red with stocks in the pharma sector and metal sector witnessing most of the selling.
Realty stocks and auto stocks, on the other hand, are trading in red.
Shares of Solar Industries and Trident hit their 52-week highs today.
The rupee is trading at 74.19 against the?US$.
Gold prices are trading down by 0.2% at ?49,207 per 10 grams.
Meanwhile, silver prices are trading down by 0.4% at ?66,390 per kg.
Crude oil prices came under pressure, adding to an overnight plunge on reports that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices.
In news from the electric vehicles (EV) space, encouraged by the demand for EVs in the last mile delivery segment, Tata Motors will be launching an EV model for the segment soon.
It is working with e-commerce companies to understand their requirements with regards to range and performance, said Girish Wagh, executive director, commercial vehicle business unit, Tata Motors.
Note that its rival Ashok Leyland also has plans to launch EV offerings in the last mile delivery segment. Its EV arm, Switch Mobility, will be launching its first electric light commercial vehicle (e-LCV) in India by the end of December. For this, it has secured 2,000 orders.
The group has plans to invest US$150-200 m in the EV space in the next few years.
Meanwhile, with an improved availability of CNG and high diesel prices, Tata Motors has seen demand for CNG powered vehicles go up substantially in the segments between 5 tonnes to 16 tonnes. It now accounts for 41% of total sales.
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