Sensex Trades Marginally Higher; Dow Futures Down By 67 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 126 points, up 0.3% at 51,151 levels.

Meanwhile, the NSE Nifty is trading up by 30 points.

Eicher Motors and Tech Mahindra are among the top gainers today. ONGC and SBI Life are among the top losers today.

The BSE Mid Cap index is trading up by 0.3%.

The BSE Small Cap index is trading up by 0.3%.

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

On the other hand, stocks from the energy 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 56 points (down 0.4%) while Dow Futures are trading down by 67 points (down 0.2%).

The rupee is trading at 72.95 against the US$.

Gold prices are trading down by 0.3% at Rs 44,720 per 10 grams.

Gold was under pressure in Indian markets today amid a rally in risk assets like equities. On MCX, gold futures were down 0.3% to Rs 44,732 per 10 grams while silver rates declined 0.7% to Rs 67,011. In the previous session, gold had jumped 1.4% while silver had surged 2.6%, tracking a jump in global rates.

Moving on to stock-specific news...

Among the buzzing stocks, today is HPCL.

Hindustan Petroleum Corporation Limited (HPCL) will set up a compressed biogas (CBG) project at Badaun in Uttar Pradesh. The plant will be developed by Praj Industries, a Pune-based process, and project engineering company.

The project with a capacity to process 35,000 tonnes of rice straw as feedstock to generate 5,250 tonnes of CBG annually will also generate 23,000 tonnes of high-quality solid bio-manure and 350,000 tonnes of liquid bio-manure for for-irrigation, Praj said in a statement.

However, the company did not disclose the amount of the order.

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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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