Sensex Trades Marginally Higher; Dow Futures Up By 101 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 190 points, up 0.4% at 49,934 levels.

Meanwhile, the NSE Nifty is trading up by 75 points.

ONGC and Tata Motors are among the top gainers today. Kotak Bank and Asian Paints 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 0.6%.

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

On the other hand, stocks from the finance 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 66 points (up 0.5%) while Dow Futures are trading up by 101 points (up 0.3%)

The rupee is trading at 72.35 against the US$.

Gold prices are trading up by 0.1% at Rs 46,954 per 10 grams.

Gold prices today struggled in Indian markets after a sharp surge in the previous week. On MCX, gold futures were flat at Rs 46,947 after surging Rs 700 in the previous session.

After an over 2% drop last week, gold prices have rebounded this week as traders refocus on rising inflation expectations and the potentially massive economic stimulus in the US.

Moving on to stock-specific news...

Among the buzzing stocks, today is Bharat Forge.

Engineering and technology conglomerate Bharat Forge and global aerospace and technology company Paramount Group have announced cooperation that will see them join technologies, capabilities, and expertise to manufacture armored vehicles in India.

An agreement to this effect was signed by both companies during the International Defence Expo (IDEX 2021) in Abu Dhabi.

"The Kalyani M4 is a fantastic new-generation vehicle and we want to position it as the future of protection in all markets worldwide," said Amit Kalyani, Deputy Managing Director of Bharat Forge.

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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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