Sensex Trades Over 200 Points Higher; Dow Futures Up By 61 Points

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

The BSE Sensex is trading up by 248 points, up 0.6% at 44,880 levels.

Meanwhile, the NSE Nifty is trading up by 68 points.

Hindalco and Bharti Airtel are among the top gainers today. JSW Steel and Reliance are among the top losers today.

The BSE Mid Cap is trading up by 0.2%

The BSE Small Cap index is trading flat.

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

On the other hand, stocks from the energy 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 45 points (up 0.4%) while Dow Futures are trading up by 61 points (up 0.2%).

The rupee is trading at 73.73 against the US$.

Gold prices are trading flat at Rs 49,300 per 10 grams.

Gold prices edged higher in Indian markets today as the precious metal continued to rebound from recent lows. On MCX, February gold futures rose 0.2% to Rs 49,380 per 10 grams, extending gains to the fourth day. In the previous session, gold had edged higher by Rs 350 per 10 grams.

Note that in the last four days, gold prices have risen about Rs 1,500 per 10 grams but are still down Rs 7,000 from August highs of Rs 56,200.

Moving on to stock-specific news...

Among the buzzing stocks, today is Bharti Airtel.

According to the Telecom Regulatory Authority of India, Bharti Airtel surpassed Reliance Jio in new mobile subscriber addition in September after a gap of four years. Reliance Jio had maintained a lead in monthly mobile subscriber addition since the launch of its commercial operations in September 2016. It had added 16 million new customers when it commenced commercial operations.

Bharti Airtel led mobile subscriber growth in September 2020 with a net addition of 3.8 million new customers. It was followed by Reliance Jio with a net addition of 1.5 million and BSNL with 78,454 new customers.

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

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