Sensex Trades Marginally Higher, Dow Futures Down By 30 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 131 points, up 0.3% at 48,849 levels.

Meanwhile, the NSE Nifty is trading up by 37 points.

Bajaj Finance and SBI are among the top gainers today. Tata Consumer Products and Cipla are among the top losers today.

The BSE Mid Cap index is trading up by 1%.

The BSE Small Cap index is trading up by 1.1%.

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

On the other hand, stocks from the telecom sector, are witnessing most of the selling pressure.

US stock futures are trading lower today, indicating a negative opening for Wall Street.

Nasdaq Futures are trading down by 26 points (down 0.2%) while Dow Futures are trading down by 30 points (down 0.1%)

The rupee is trading at 73.77 against the US$.

Gold prices are trading down 0.4% at Rs 47,140 per 10 grams.

Gold prices corrected in the Indian market today as a stronger dollar and Federal Reserve Chair Jerome Powell's comments on the US economy weighed on the yellow metal. On MCX, June gold futures were trading at Rs 47,220 for 10 grams, down Rs 99, or 0.2%.

Speaking of the stock markets, Brijesh Bhatia, Research Analyst at Fast Profits Report, talks about why he thinks capital goods stocks are looking good in the month of May 2021, in one of his latest videos for Fast Profits Daily.

Moving on to stock-specific news...

Among the buzzing stocks, today is JSW Energy.

JSW Energy on May 3, 2021, said its arm JSW Renew Energy has inked a power purchase agreement for the supply of 540 megawatts (MW) from a total blended wind capacity of 810 MW.

The company bagged the order through a competitive bidding process.

JSW Renew Energy, a wholly-owned subsidiary of JSW Future Energy, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for the contracted capacity of 540 MW out of the total awarded capacity of 810 MW, as per a BSE filing said.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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