After opening the day in red, share markets in India witnessed a turnaround and then continued the momentum throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the IT sector and stocks in the capital goods sector leading the gains.

At the closing bell, the BSE Sensex stood higher by 103 points (up 0.3%) and the NSE Nifty closed up by 24 points (up 0.2%). The BSE Mid Cap index ended the day down 0.6%, while the BSE Small Cap index ended the day down by 0.1%.

Asian stock markets finished mixed. As of the most recent closing prices, the Hang Seng was up by 0.5% and the Shanghai Composite was flat. The Nikkei 225 was down by 0.4%. Meanwhile, European markets were trading in green. The FTSE 100 was up by 0.5%, The DAX, was up by 0.1% while the CAC 40 was up by 0.1%.

The rupee was trading at Rs 67.29 against the US$ in the afternoon session. Oil prices were trading at US$ 70.84 at the time of writing.

In news from stocks in the automobiles sector. Tata Motors share price ended the day on an encouraging note today after the company's subsidiary, Jaguar Land Rover (JLR) reported its April sales numbers.

JLR's sales grew by 11.9% in April, compared to the same period last year. The sales stood at 45,180 units in April this year.

The sales of its subsidiary were primarily driven by introduction of new models, including the Range Rover Velar, the Land Rover Discovery and the Jaguar E-PACE. Retail sales for April notched up significant gains year-on-year in China (28.9%), the UK (25.9%), overseas markets (21.3%) and North America (2.5%), nosed down in Europe (-10.2%) amid continuing uncertainty over diesel in the UK and Europe.

While Jaguar retail sales were 13,289 units in April, up 8% from last year, Land Rover sales increased by 13.60% to 31,891.

Tata Motors share price ended the day up 2.8%.