Sensex Trades Over 200 Points Higher; Dow Futures Down By 50 Points

Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 288 points, up 0.6% at 46,295 levels.

Meanwhile, the NSE Nifty is trading up by 77 points.

Wipro and Bajaj Finance are among the top gainers today. ONGC and Divi's Laboratories are among the top losers today.

The BSE Mid Cap index is trading up by 1.5%

The BSE Small-Cap index is trading up by 2.2%.

On the sectoral front, barring the oil & gas sector, all sectors are trading in green with stocks from the real estate sector witnessing most of the buying interest.

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 3 points (flat) while Dow Futures are trading down by 50 points (down 0.2%).

The rupee is trading at 73.81 against the US$.

Gold prices are trading down by 0.3% at Rs 49,955 per 10 grams.

In domestic markets, gold prices slipped today tracking a muted trend seen in international spot prices. In early trades, February gold contracts traded lower by 0.1% on the MCX, at Rs 50,050 per 10 grams.

Note that even though gold has recovered from lows of below Rs 48,000, it remains significantly lower than the August highs of Rs 56,200.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about a new all-time high for silver, in his latest video for Fast Profits Daily.

In the video below, Vijay shares the reason behind the recent rally in silver prices and how you can profit from this opportunity.

Moving on to stock-specific news...

Among the buzzing stocks, today is Bajaj Auto.

Bajaj Auto, the country's third-largest two-wheeler manufacturer, has announced the signing of a memorandum of understanding (MoU) with the Maharashtra government for setting up a factory that will make the Chetak and KTM, Husqvarna, and Triumph motorcycles.

The proposed investment for this new facility, which will come up next to Bajaj's existing facility at Chakan near Pune, will be Rs 6.5 billion. The unit is expected to commence production in 2023.

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