Sensex Trades Marginally Higher; Dow Futures Down By 35 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 30 points, up 0.1% at 44,648 levels.

Meanwhile, the NSE Nifty is trading up by 27 points.

Maruti Suzuki and SBI are among the top gainers today. SBI Life and Ultra Cement are among the top losers today.

Both the BSE Mid Cap and BSE Small Cap index are trading up by 0.6%

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

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

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 23 points (up 0.2%) while Dow Futures are trading down by 35 points (down 0.1%).

The rupee is trading at 73.9 against the US$.

Gold prices are trading up by 1.1% at Rs 49,189 per 10 grams.

Gold prices in Indian markets rose today for the third day in a row. On MCX, February futures were 0.5% higher at Rs 49,172 per 10 grams. In the previous session, gold had jumped Rs 400 per 10 grams, adding on Tuesday's Rs 700 gain.

Moving on to stock-specific news...

Among the buzzing stocks, today is SpiceJet.

On December 2, SpiceJet announced that is gearing up to provide logistics support for COVID-19 vaccination with its dedicated freighter division SpiceXpress.

Note that the temperature sensitivity to maintain the efficacy of the vaccine calls for reliable, fast, and secure logistics partners who understand the importance of cold chains. SpiceXpress, the dedicated cargo arm of SpiceJet, has come forth to take up this responsibility of seamlessly transporting the vaccine through a specialized service called Spice Pharma Pro.

With a dedicated fleet of 17 cargo aircraft, SpiceXpress is capable of flying cargo to both domestic and a wide list of international destinations. Besides, the airline also offers a plethora of other benefits such as a network of warehouses equipped with deep freezers to enable change of cool packs and ground vehicles and containers to help transport sensitive cargo.

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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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