Sensex Trades Marginally Higher, Dow Futures Up By 25 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 200 points, up 0.3%, at 58,378 levels.

Meanwhile, the NSE Nifty is trading up by 60 points.

IndusInd Bank and Hero MotoCorp are among the top gainers today. UltraTech Cement and Hindalco are among the top losers today.

The BSE Mid Cap index is trading up by 1.2%.

The BSE Small Cap index is trading up by 0.6%.

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

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 3 points (flat) while Dow Futures are trading up by 25 points (up 0.1%)

The rupee is trading at 73.61 against the US$.

Gold prices are trading down by 0.04% at Rs 46,890 per 10 grams.

Gold prices continued to trade in a narrow range in India today amid subdued global cues. On MCX, gold futures were down 0.1% to Rs 46,860 per 10 grams in their third decline in four days.

In international markets, gold edged lower today as the dollar index was steady near a two-week high while investors also remained cautious ahead of crucial US inflation data due later today. Spot gold slipped 0.1% to US$ 1,791.2 an ounce.

Moving on to stock-specific news...

Among the buzzing stocks, today is Zee Entertainment.

Shares of Zee Entertainment soared over 30% on the bourses today amidst buzz over a rejig of the company's board.

On 13 September 2021, the company's largest shareholders Invesco Developing Markets Fund and OFI Global China Fund LLC, called an extraordinary general meeting (EGM) seeking the removal of Punit Goenka, Manish Chokhani, and Ashok Kurien as directors of the firm.

Punit Goenka, who is the son of Essel group founder and chairman Subhash Chandra, is the managing director and chief executive officer of the media company.

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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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