Sensex Trades Marginally Lower; Dow Futures Up By 41 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 48 points, down 0.1% at 49,469 levels.

Meanwhile, the NSE Nifty is trading down by 20 points.

Mahindra & Mahindra and Indian Oil Corporation are among the top gainers today. HDFC and Shree Cement are among the top losers today.

The BSE Mid Cap index is trading down by 0.4%.

The BSE Small Cap index is trading down by 0.3%.

On the sectoral front, stocks from the consumer durables sector and finance sector, are witnessing most of the selling pressure.

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

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

Nasdaq Futures are trading up by 29 points (up 0.2%) while Dow Futures are trading up by 41 points (up 0.1%).

The rupee is trading at 73.14 against the US$.

Gold prices are trading up 0.7% at Rs 49,389 per 10 grams.

In global markets, gold rates edged higher today, boosted by rising coronavirus cases worldwide. The recent rally in the US Treasury yields and dollar also paused, helping support gold at lower levels. Spot gold rose 0.1% to US$1,856.9 per ounce.

Tracking positive global cues, gold prices moved higher in Indian markets. On MCX, February gold futures were up 0.7% to Rs 49,410 per 10 gram while silver prices gained 0.6% to Rs 6,279 per kg. In the previous session, gold rates had eased 0.5%.

Note that after a strong 25% gain last year, gold prices have wavered this year amid a rise in US bond yields and rebound in US dollar.

Moving on to stock-specific news...

Among the buzzing stocks, today is Tech Mahindra.

IT services major Tech Mahindra said it will acquire Payments Technology Services (PTSL), a step-down subsidiary of fintech firm FIS, for US$ 9 million (about Rs 660 million).

1 2 3
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.