Sensex Trades Marginally Higher, Dow Futures Down By 33 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 90 points, up 0.2% at 52,190 levels.

Meanwhile, the NSE Nifty is trading up by 56 points.

Adani Ports and Tata Motors are among the top gainers today. Bajaj Finance and Bajaj Finserv 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 1.3%.

On the sectoral front, barring the finance sector, all sectors are trading in green with stocks from the utility sector and power sector, witnessing most of the buying interest.

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

Nasdaq Futures are trading down by 30 points (down 0.2%) while Dow Futures are trading down by 33 points (down 0.1%).

The rupee is trading at 72.80 against the US$.

Gold prices are trading down by 0.3% at Rs 48,833 per 10 grams.

In international markets, gold prices moved lower, hurt by a stronger US dollar. Spot gold was down 0.2% at US$ 1,886.8 per ounce. However, softer US bond yields capped losses in precious metals.

Amid muted global cues, gold prices in India edged lower today On MCX, gold futures were down 0.1% to Rs 48,953 per 10 grams.

Note that in India, gold rates turned volatile after they hit near a five-month high of Rs 49,800 last week. In August 2020, gold had risen to a record high of Rs 56,200.

Moving on to stock-specific news...

Among the buzzing stocks, today is TVS Motor Company.

Shares of TVS Motor Company were up 6% on the NSE in intra-day trade today after more than a 5% stake of the two-wheeler company changed hands via a block deal. The stock was trading close to its 52-week high level of Rs 666 touched on 27 May 2021.

Around 24.4 m shares, representing 5.2% of the total equity of TVS Motor Company, worth Rs 15.1 m changed hands, exchange data shows. The block deal was executed at a price of Rs 617.2 per share.

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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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