Sensex Trades Marginally Lower; Dow Futures Up By 42 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 198 points, down 0.4% at 46,055 levels.

Meanwhile, the NSE Nifty is trading down by 35 points.

Eicher Motors and UltraTech Cement are among the top gainers today. ICICI Bank and Hindustan Unilever are among the top losers today.

The BSE Mid Cap index is trading down by 0.3%

The BSE Small Cap index is trading down by 0.2%.

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

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

US stock futures are mixed today.

Nasdaq Futures are trading down by 5 points (flat) while Dow Futures are trading up by 42 points (up 0.1%).

The rupee is trading at 73.63 against the US$.

Gold prices are trading up 0.6% at Rs 49,224 per 10 grams.

In global markets, gold prices edged higher today as investors assessed the likelihood for further virus-related economic restrictions amid surging Covid-19 cases in many countries.

Tracking positive global cues, gold prices edged higher in Indian markets as new coronavirus-related restrictions in some countries lifted the safe-haven appeal of the precious metals. On MCX, February gold futures were up 0.2% to Rs 49,035 per 10 grams. In the previous session, gold prices had slumped about 0.8%.

Moving on to stock-specific news...

Among the buzzing stocks, today is Borosil Renewables.

Borosil Renewables has announced its plans to raise funds through a qualified institutional placement (QIP). The floor price of the QIP issue is set at Rs 133.2 apiece.

The company may, in accordance with the special resolution of the shareholders dated September 28, 2020, at its discretion, offer a discount of not more than 5% on the floor price as permitted under the market regulator guidelines.

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 ...

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


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