Sensex Trades Marginally Lower; Dow Futures Up By 13 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 44 points, down 0.1% at 44,216 levels.

Meanwhile, the NSE Nifty is trading flat.

Tata Motors and Bajaj Auto are among the top gainers today. HDFC Life and Power Grid Corporation are among the top losers today.

The BSE Mid Cap index is trading up by 2%.

The BSE Small Cap index is trading up by 1.6%

On the sectoral front, stocks from the real estate sector are witnessing most of the buying interest.

On the other hand, stocks from the IT 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 36 points (up 0.3%) while Dow Futures are trading up by 13 points (up 0.04%).

The rupee is trading at 73.81 against the US$.

Gold prices are trading flat at Rs 48,534 per 10 grams.

In global markets, gold prices edged 0.3% lower today as progress in the Covid-19 vaccine development and US President-elect Joe Biden's transition to the White House bolstered risk sentiment.

Amid a weak global trend, gold prices in India also edged lower. On MCX, gold futures dipped marginally to Rs 48,501 per 10 grams. In the previous session, gold prices had slipped 0.1%.

Note that in the last five days, gold prices in India have dropped nearly Rs 1,700 per 10 grams, in line with a similar fall in global prices.

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 Mahindra & Mahindra.

On November 26, Mahindra and Mahindra (M&M) announced the sale of its vehicle service business, Mahindra First Choice Services to TVS Automobile Solutions (TASL), part of Chennai based TVS Group, in a share swap deal. As part of the engagement, M&M will take a 2.8% stake in TASL and will invest approximately Rs 350 million.

1 2 3 4
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.