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.

Infosys BPM will also improve Newmont's touchless invoice processing across its accounts payable processes and provide a Digital Command Centre for real-time visibility into process health metrics and analytical models to identify root causes, and thus boost performance across its operations, it added.

"We are pleased to continue to partner with Infosys BPM in standardizing and digitizing supply chain processes across our regions.

"Infosys BPM's strong leadership commitment and clear understanding of our operations will enable significant productivity improvements, service levels improvements, and cost savings," said Ryan Plourde, Group Executive -- Supply Chain at Newmont Corporation.

Anantha Radhakrishnan, MD, and CEO of Infosys BPM said the engagement leverages the company's deep digital and domain expertise and will fast track Applied AI and RPA (Robotic Process Automation) adoption in mining.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, shares of Infosys were trading up by 1.2% on the BSE.

Moving on to news from the IPO space...

Anupam Rasayan IPO Opens Today

Anupam Rasayan's Rs 7.6 billion initial public offering (IPO) opened for subscription this morning. The issue by the specialty chemicals company comprises entirely fresh issuance of shares and is being sold in the Rs 553-555 price band.

At the upper limit of the price band, the scrip is asking a Price to Earnings (P/E) ratio of 95.2 times trailing 12-month basis on restated Earnings Per Share of Rs 5.8. This is significantly higher than the peer average of 33 times.

The company plans to use net proceeds of the IPO to repay or prepay certain debt and for general corporate purposes. The post-issue implied market capitalization of the company is projected at Rs 55.3 billion - 55.4 billion.

Anupam Rasayan manufactures a variety of intermediates and ingredients for insecticides, fungicides, and herbicides for agrochemical companies. Besides it also manufactures anti-bacterial and ultraviolet protection ingredients for FMCG and pharma companies.

The company's life sciences revenue grew at a CAGR of 26.3% to Rs 5 billion over FY18-20. In the first nine months of FY21, the segment posted YoY revenue growth of 40.7% at Rs 5.1 billion.

Exports contribute over 60% of the company's total business, while the rest comes from the domestic market. The company operates six manufacturing facilities in Gujarat with an aggregate installed capacity of 23,438 metric tonnes.

How this IPO sails through remains to be seen. Meanwhile, stay tuned for more updates from this space.

Speaking of stock markets, the right investing process can help you win in the long term. It might offer some unexpected and undesirable results in the short term but lets you farewell when you average the outcomes.

According to Richa Agarwal, Senior Research Analyst at Equitymaster, any investment process should not be judged based on individual outcomes. Instead, it should have stood the test of the time.

Her smallcap service Hidden Treasure has had its fair share of failures. But sticking to a disciplined process meant that Hidden Treasure's internal rate of return (IRR) increased to 24.38% since inception.

This compares favorably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in small caps. However, the long-term track record and the post-COVID rebound underscores the strength of stock-picking process.