Sensex Trades Over 200 Points Lower; Dow Futures Down By 173 Points

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

The BSE Sensex is trading down by 296 points, down 0.6% at 49,287 levels.

Meanwhile, the NSE Nifty is trading down by 104 points.

Bharti Airtel and UPL are among the top gainers today. BPCL and Hindalco are among the top losers today.

The BSE Mid Cap index is trading down by 0.7%.

The BSE Small-Cap index is trading down by 0.6%.

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

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

US stock futures are trading lower today, indicating a negative opening for Wall Street.

Nasdaq Futures are trading down by 43 points (down 0.3%) while Dow Futures are trading down by 173 points (down 0.6%).

The rupee is trading at 73.02 against the US$.

Gold prices are trading down 0.3% at Rs 49,060 per 10 grams.

In international markets, gold prices moved higher today after US President-elect Joe Biden unveiled a massive US$ 1.9 trillion stimulus package proposal. The precious metal was also supported as US Federal Reserve Chair Jerome Powell maintained his commitment to keep monetary policy dovish.

Gold prices fell for the second day in Indian markets with futures on MCX edging lower by 0.2% to Rs 49,122 per 10 grams. In the previous session, gold had declined 0.3%.

Note that gold prices in India have struggled for more than a week, tracking global cues, as rising US bond yields have increased the opportunity cost of holding the precious metal.

Speaking of stock markets, in his latest video, Rahul Shah, Co-Head of Research at Equitymaster discusses how to alternate between a deep value portfolio and gold to earn great returns.

In the video below, Rahul discusses how to combine the two in a smart way and benefit from the individual strengths of each asset class.

1 2 3
View single page >> |

And to know what's moving the Indian stock markets today, check out the most recent  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

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