Sensex Trades Marginally Lower, Dow Futures Trade Flat

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 114 points, down 0.2% at 50,249 levels.

Meanwhile, the NSE Nifty is trading down by 4 points.

ITC and HDFC Bank are among the top gainers today. BPCL and Coal India are among the top losers today.

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

The BSE Small-Cap index is trading down by 0.8%.

On the sectoral front, stocks from the energy sector, are witnessing most of the selling pressure.

On the other hand, stocks from the software sector, are witnessing most of the buying interest

US stock futures are trading mixed today.

Nasdaq Futures are trading down 21 points (down 0.2%) while Dow Futures are trading flat.

The rupee is trading at 72.56 against the US$.

Gold prices are trading up by 0.4% at Rs 44,985 per 10 grams.

In global markets, gold rates were flat ahead of the outcome of the US Federal Reserve's two-day meeting.

Gold prices in India struggled amid a similar trend in global markets as investors remained cautious ahead of the US Fed policy announcement. On MCX, gold futures were up 0.2% to Rs 44,917 per 10 grams. In the previous session, gold had dipped 0.2%.

Moving on to stock-specific news...

Among the buzzing stocks, today is AU Small Finance Bank.

AU Small Finance Bank announced that it has raised Rs 6.3 billion through the issuance of 5 million equity shares under its Qualified Institutions Placement (QIP).

"The Issue was launched post-market hours on March 9, 2021, with a floor price of Rs 1,181.1 per share and witnessed strong reception from both domestic and international institutional investors. The entire QIP was subscribed by sovereign wealth funds, large foreign portfolio investors, life insurance company and domestic mutual funds," the company said in a statement.

AU Small Finance Bank intends to use the net proceeds for supporting long-term growth aligned to the bank's internal risk appetite, to maintain sufficient headroom over and above the regulatory capital adequacy requirements, and for general corporate requirements or any other purposes, it said.

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