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In the present article focus has been on examining the effect of the induced magnetic field on stagnation point flow together with heat transfer of nanofluid. Keeping the industrial prospects of this study, ethylene glycol has been taken as the base fluid whose ability to conduct heat has been examined numerically in presence of nano-scaled particles of copper and titanium dioxide. The industrial fluid flow is considered towards a stretching cylinder. Cylindrical coordinates have been opted to for mathematical formulation of governing nonlinear system which has been simplified by means of similarity analysis. The computational procedure of shooting technique has been opted to tackle the transformed system. Results for velocity and magnetic field along with temperature distribution are computed by keeping the iterative error less than 6 decimals. Influence of emerging prominent parameters are discussed and …