Sensex Trades Over 200 Points Higher; Dow Futures Up By 79 Points

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

The BSE Sensex is trading up by 258 points, up 0.5% at 51,537 levels.

Meanwhile, the NSE Nifty is trading up by 74 points.

BPCL and Indian Oil Corporation are among the top gainers today. HDFC Life and SBI Life are among the top losers today.

The BSE Mid Cap index is trading up by 0.8%.

The BSE Small Cap index is trading up by 1.1%.

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

On the other hand, stocks from the automobile sector, are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading down by 36 points (down 0.3%) while Dow Futures are trading up by 79 points (up 0.2%)

The rupee is trading at 72.66 against the US$.

Gold prices are trading down by 0.6% at Rs 44,585 per 10 grams.

Gold and silver prices edged lower today in Indian markets as a rally in risk assets took some shine off precious metals. On MCX, gold futures were down 0.3% to Rs 44,731 per 10 grams while silver declined 0.5% to Rs 67,177 per kg.

Moving on to stock-specific news...

Among the buzzing stocks, today is Infosys.

Infosys BPM, the business process management arm of Infosys, on March 11, 2021, announced a five-year extension of its strategic collaboration with Newmont Corporation to standardize and digitize delivery models across the latter's mine sites.

Founded in 1921, the Colorado, US-based Newmont Corporation is a leading gold mining company.

Through this renewed engagement, Infosys BPM will drive operational excellence leveraging automation, artificial intelligence (AI), and design thinking, to deliver increased business value for Newmont, a statement said.

As part of the engagement, Infosys BPM will provide an enhanced end-to-end digital service to Newmont with its analytics-driven platform-as-a-service offering.

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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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