Sensex Trades Marginally Higher; Dow Futures Up By 86 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 157 points, up 0.3% at 46,824 levels.

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

Divi's Laboratories and HDFC are among the top gainers today. Coal India and Adani Ports & SEZ are among the top losers today.

The BSE Mid Cap index is trading up by 0.7%

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 metal sector are witnessing most of the selling pressure.

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

Nasdaq Futures are trading up by 40 points (up 0.3%) while Dow Futures are trading up by 86 points (up 0.3%).

The rupee is trading at 73.44 against the US$.

Gold prices are trading up 0.6% at Rs 49,887 per 10 grams.

Gold prices today maintained their upward momentum in hopes of a breakthrough in US stimulus talks. On MCX, February gold futures rose 0.3% to Rs 49,770 per 10 grams, extending gains to the third day. In the previous session, gold futures had risen 0.3% or Rs 60 per 10 grams.

Moving on to stock-specific news...

Among the buzzing stocks, today is Divi's Laboratories.

Divi's Laboratories on December 17 crossed Rs 1 trillion in market capitalization, the second Indian pharmaceutical company to do so, with shares surging 103% so far this year.

Currently, Divis Laboratories stands at the 30th position among companies having a market capitalization of over Rs 1 trillion. It is the second most valued pharmaceutical company after Sun Pharmaceuticals, which has a market capitalization of Rs 1.4 trillion.

Note that the recent interest in the stock has been due to strong earnings visibility from its aggressive capital expenditure plan. The company has been witnessing strong demand for both active pharmaceutical ingredients (API) and custom synthesis operations.

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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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