Sensex Trades Marginally Higher; Dow Futures Up By 223 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 85 points, up 0.2% at 52,238 levels.

Meanwhile, the NSE Nifty is trading up by 38 points.

ONGC and Hindalco are among the top gainers today. ICICI Bank and Nestle India are among the top losers today.

The BSE Mid Cap index is trading up by 0.4%.

The BSE Small Cap index is trading up by 0.5%.

On the sectoral front, stocks from the mining 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 higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 82 points (up 0.6%) while Dow Futures are trading up by 223 points (up 0.7%)

The rupee is trading at 72.71 against the US$.

Gold prices are trading up by 0.4% at Rs 47,418 per 10 grams.

Gold prices today edged higher after a 3-day fall but struggled to push significantly higher amid flat global rates. On MCX, gold futures rose 0.3% to Rs 47,389 per 10 grams. In the previous three sessions, gold had declined Rs 800 amid softer global rates.

In global markets, spot gold prices were flat today as US Treasury yields rose to their highest levels since March. Note that higher bond yields increase the opportunity cost of holding non-yielding assets like gold.

However, a weaker US dollar supported the precious metal. Spot gold edged up 0.1%. The dollar index, which represents the value of the greenback against a basket of six currencies, slipped 0.3%.

Moving on to stock-specific news...

Among the buzzing stocks, today is Astrazeneca Pharma.

AstraZeneca Pharma India shares rose in trade today after World Health Organisation (WHO) gave emergency use approval (EUA) to two versions of AstraZeneca-Oxford's COVID-19 vaccine, allowing these shots to be rolled out globally through COVAX.

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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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