After opening the day on a positive note, Indian share markets exhibited lackluster trade amid mixed global cues and ended the day flat.Benchmark indices Sensex and Nifty 50 ended Thursday’s session flat. Alongside a surge in US markets and a decline in crude oil prices, the benchmark equity indices witnessed gains in early trading but ended flat.At the closing bell, the BSE Sensex closed flat at 66,000 level.Meanwhile, the NSE Nifty closed unchanged at 19,800 level.BPCL and Bajaj Auto were among the top gainers today.L&T and Cipla were among the top losers today.Check out the NSE Nifty heatmap to get the complete list of gainers and losers.The Gift Nifty was trading at 19,877, up by 21 points, at the time of writing.Broader markets ended positively. The BSE Midcap index ended 0.2% higher and the BSE SmallCap index ended 0.4% higher.Sectoral indices ended mixed with stocks in the energy sector, oil & gas sector, and realty sector witnessing buying. Meanwhile, the stocks in the power sector and healthcare sector witnessed selling pressure.Shares of Bajaj Auto, Titan and Bosch hit their 52-week highs today.Now track the biggest movers of the stock market using the stocks to watch today section. This should help you keep updated with the latest developments…Asian share markets ended on a positive note. The Hang Seng ended 1% higher6while Nikkei ended 0.3% higher. Meanwhile Shanghai Composite closed 0.8% higher.The rupee is trading at 83.34 against the US$.Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 61,090 per 10 grams.Meanwhile, silver prices for the latest contract on MCX are trading 0.2% higher at Rs 72,945 per kg.
Govt seeks ONGC equity infusion for HPCLIn news from the energy sector, India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, an exercise that could raise about US$ 1.9 billion (bn).The comments come after India’s finance minister announced a plan this year to provide equity of Rs 300 bn to help the big state oil refiners move towards cleaner energy.The government is weighing options for HPCL, including directly providing loans at preferential rates.The oil ministry is awaiting a response from the finance ministry on the plan for ONGC to launch a rights issue.Based on rights issues previously announced by two other state refiners, an ONGC issue could amount to about Rs 155 bn.In 2018, New Delhi sold its entire stake of 51.1% in HPCL to ONGC, making the firm a subsidiary of India’s top energy explorer.The government holds a stake of 58.93% in ONGC.Initially, the government had planned to infuse funds into HPCL by allocation of preferential shares, but that risked pushing ONGC’s stake below 50% and ending the government’s indirect control of HPCL.ONGC is optimistic about a recovery in its oil production going forward and would be able to reverse production constraints. 
To become net-zero by 2038, ONGC has announced a massive Rs 2 trillion (tn) investment in sustainable development projects.
Why Garden Reach Shipbuilders’ share price is risingMoving on news from the engineering sector, shares of Garden Reach Shipbuilders and Engineers (GRSE) Ltd on Thursday surged 4% after the company collaborated with three entities to develop electric tugs.They signed a Memorandum Understanding (MoU) on Wednesday with three entities – Shift Clean Energy, Seatech Solutions International, and the American Bureau of Shipping (ABS) to develop electric tugs.These entities will develop the electric tug E-VOLT 50, which is aimed at reducing carbon emissions, improving operational efficiency, and setting new benchmarks for performance and environmental sustainability in the tugboat industry.Under the pact, Garden Reach Shipbuilders and Engineers will build the platform based on the design by Seatech Solutions while Shift Clean Energy will provide the energy storage.On the other hand, ABS will ensure that the construction and design comply with all regulatory standards, certifying safety and reliability, and the builder of commercial and naval vessels informed the bourses.The collaboration is a step in the direction of achieving the country’s goal of becoming the Global Hub for Green Shipbuilding by 2030.The company said that it has already made progress in the building of green vessels. Currently, the shipyard is building a zero-emission electric ferry for the Government of West Bengal with a capacity of 150 passengers.India is home to many prominent engineering companies that cater to a wide range of sectors. More By This Author:Sensex Today Ends 93 Points Higher; BPCL & NTPC Top GainersSensex Today Trades Marginally Higher; BPCL & Cipla Top GainersSensex Today Ends 276 Points Higher; Rallis India Soars 9%
