Indian share markets witnessed volatile trading activity throughout the day today and ended lower.

Benchmark indices witnessed volatile trading activity after the Reserve Bank of India (RBI) kept the benchmark interest rate unchanged amid Covid-19 uncertainty and fears over inflation in its latest Monetary Policy Committee (MPC) meeting.

Meanwhile, a separate liquidity window of Rs 150 bn for the hospitality sector was also announced.

The banks can provide support to hotels and restaurants, tourism, aviation support services, and other services under this program.

At the closing bell, the BSE Sensex stood lower by 132 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 20 points (down 0.1%).

Grasim and Tata Motors were among the top gainers today.

Nestle and SBI, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,714, up by 19 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended up by 0.6% and 0.8%, respectively.

Sectoral indices ended on a mixed note with stocks in the banking sector and consumer durables sector witnessing most of the selling pressure.

Capital goods stocks, on the other hand, witnessed buying interest.

Shares of Bharat Forge and KEI Industries hit their respective 52-week highs today.

Asian stock markets ended on a negative note today as signs of a strengthening US recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus.

The Hang Seng ended down by 0.2%, while the Shanghai Composite ended the day up by 0.2%.

The Nikkei ended down by 0.4% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 27 points.

The rupee is trading at 73.00 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 48,643 per 10 grams.

In news from the auto sector, Mahindra & Mahindra was among the top buzzing stocks today.

Mahindra & Mahindra (M&M) rose 1.4% to Rs 812.9 per share today after Mahindra Telephonics Integrated Systems, a subsidiary of the company, signed a contract with the Ministry of Defence (MoD) for supplying 11 airport surveillance radars.

The installation of these radars will boost the air domain awareness around airfields and enhance safety and efficiency in the flying operations of the navy and the Indian coast guard.

These 11 monopulse secondary surveillance radars are much more accurate compared to the conventional ones when there are several aircraft in close proximity in a specific area of airspace.

The Rs 3 bn project will be executed under the 'buy and make' category.

Under the 'buy and make' category of defense procurement, initial purchase of equipment can be done from a foreign company, followed by indigenous production through an Indian company in a phased manner involving 'transfer of technology' of critical technologies according to the specified range, depth, and scope.

The Ministry of Defence said the signing of this contract is an achievement of the government towards the Aatmanirbhar Bharat Abhiyan (self-reliant India campaign) and the objectives envisaged in the program.

This would enable absorption of technology, skill development, and indigenous manufacture, and boost employment opportunities.

M&M's business is diversified across farm equipment, auto, and automotive components, real estate, hospitality, information technology, defense & aerospace, and financial services.

Mahindra & Mahindra's share price ended the day up by 0.2% on the BSE.

Moving on to news from the energy sector...

Adani Enterprises Becomes Second-Most Valuable Adani Group Company

Adani Enterprises has now become the second most valuable company among the Gautam Adani-led Adani Group of companies as the stock hit a new high of Rs 1,713.6 per share after rallying 8% on the BSE intra-day trade today.

The stock was trading higher for the fifth straight day and has rallied 30% during the week, as compared to a 1.5% rise in the S&P BSE Sensex.

Adani Enterprises, the flagship of Adani Group, surpassed the other group company Adani Total Gas to become the second-most valuable of the Adani Group companies.

The current market capitalization of Adani Enterprises stands at Rs 1.85 tn.

The company is less than 10% away from becoming the most valuable group company.

As per the BSE data, Adani Green Energy is the most valuable Adani Group company with a market cap of Rs 1.99 tn.

Adani Total Gas has a market cap of Rs 1.81 tn, followed by Adani Transmission (Rs 1.76 tn), and Adani Port & Special Economic Zone (Rs 1.70 tn).

Currently, Adani Enterprises (AEL), on a standalone basis, has mainly integrated resources management (IRM) / coal trading, power trading, and mining services businesses.

The company on a consolidated basis has diversified businesses which include solar cell and module manufacturing, agro-processing (including the sale of branded edible oil), commodities trading, bunkering (fueling) of ships, and shipping.

AEL, through its subsidiaries, has invested significant funds in coal mining and related rail evacuation infrastructure in Australia and is currently incubating new businesses like airports, road development, water treatment plants, data centers, etc.

Adani Enterprises' share price ended the day up by 7.7% on the BSE.

Speaking of stocks, here is an illustration of the four phases that stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.