Sensex Rises Over 300 Points, Dow Futures Up By 153 Points

Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 303 points, up 0.6% at 51,418 levels.

Meanwhile, the NSE Nifty is trading up by 100 points.

Reliance and Grasim Industries are among the top gainers today. Sun Pharmaceuticals and Mahindra & Mahindra are among the top losers today.

The BSE Mid Cap index is trading up by 0.4%.

The BSE Small Cap index is trading up by 0.2%.

On the sectoral front, stocks from the energy sector, are witnessing most of the buying interest.

On the other hand, stocks from the healthcare and power sector, are witnessing most of the selling pressure.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 4 points (flat) while Dow Futures are trading up by 153 points (up 0.4%)

The rupee is trading at 72.4 against the US$.

Gold prices are trading down by 0.6% at Rs 48,315 per 10 grams.

Gold prices fell for the third day in a row today. On MCX, gold futures dipped 0.3% to Rs 48,460 per 10 grams. In the previous session, gold had dipped 0.4%.

Note that despite the recent slide, gold is one of the best-performing commodities this month.

Moving on to stock-specific news...

Among the buzzing stocks, today is Hester Biosciences.

Hester Biosciences shares surged as much as 14% in intra-day trade today after the pharma firm signed a memorandum of understanding (MoU) with vaccine maker Bharat Biotech and Gujarat Covid Vaccine Consortium (GCVC) for contract manufacturing the drug substance for Covaxin.

GCVC comprises Gujarat Biotechnology Research Centre (GBRC), Hester Biosciences, and Omnibrx Biotechnologies.

According to the MoU, Bharat Biotech will provide the technology for the production of the drug substance for Covaxin, and GBRC will act as an advisor and mentor and will facilitate the technology transfer from Bharat Biotech, Hester said in a filing.

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