Sensex Trades Marginally Lower, Dow Futures Down By 41 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 100 points, down 0.2% at 52,223 levels.

Meanwhile, the NSE Nifty is trading down by 32 points.

Britannia and Tech Mahindra are among the top gainers today. Hindalco and Tata Steel 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 0.7%.

On the sectoral front, stocks from the software 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 mixed today.

Nasdaq Futures are trading up by 25 points (up 0.2%) while Dow Futures are trading down by 41 points (down 0.1%).

The rupee is trading at 72.82 against the US$.

Gold prices are trading up by 0.1% at Rs 49,189 per 10 grams.

Gold prices in India inched lower today amid flat global rates. On MCX, gold futures were marginally lower at Rs 49,131 per 10 grams. In the previous session, gold had inched up by 0.4%.

Note that last week, gold had hit almost a five-month high of Rs 49,700 in Indian markets amid a global rally on lingering worries over inflation. A relatively softer dollar also improved the appetite for gold. Still, gold is down about Rs 7,000 from last year's record high of Rs 56,200.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Moving on to stock-specific news...

Among the buzzing stocks, today is Infosys.

IT major Infosys on 7 June announced a collaboration with Archrock Inc., a leading provider of natural gas compression services in the US, to integrate digital technologies and mobile tools for its field service technicians.As part of this engagement, Infosys would leverage its pre-configured accelerator for Microsoft Dynamics 365 Field Service Application to streamline and enhance the efficiencies of Archrock's field services and operations. Infosys in a statement said it would integrate the field services platform with backend enterprise resource planning systems.

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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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