Sensex Trades Over 200 Points Lower; Dow Futures Trade Flat

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

The BSE Sensex is trading down by 235 points, down 0.5% at 44,288 levels.

Meanwhile, the NSE Nifty is trading down by 63 points.

ONGC and GAIL are among the top gainers today. Eicher Motors and Asian Paints are among the top losers today.

The BSE Mid Cap index is trading down by 1%.

The BSE Small Cap index is trading down by 0.7%

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

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

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 35 points (up 0.3%) while Dow Futures are trading down by 2 points (flat).

The rupee is trading at 73.96 against the US$.

Gold prices are trading down by 0.2% at Rs 48,500 per 10 grams.

In global markets, gold prices were muted today, supported by a weaker dollar. A strong appetite for riskier assets kept bullion near a four-month low.

Gold prices continued to drift lower in domestic markets for the third day in a row amid a strong risk-on rally in equity markets. On MCX, gold futures fell 0.2% to Rs 48,485 per 10 grams.

Moving on to stock-specific news...

Among the buzzing stocks, today is JSW Steel.

JSW Steel is offering differential pricing as part of its personalized services for micro, small and medium enterprises (MSMEs), marking a trend as the industry ups its bills.

The company said personalization ensures quality and availability. The right quality of product and just-in-time supplies along with preferential international pricing will enable the MSMEs to compete in the international market.

JSW has launched a site where MSMEs can register. As MSMEs account for 22-25% of the company's supplies, a proper supply chain, and pricing advantage will help it compete with international players in the export market.

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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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