Sensex Trades Over 300 Points Lower; Dow Futures Down By 160 Points

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

The BSE Sensex is trading down by 333 points, down 0.7% at 45,220 levels.

Meanwhile, the NSE Nifty is trading down by 98 points.

Tech Mahindra and Bharti Airtel are among the top gainers today. Bajaj Finance and Tata Motors are among the top losers today.

The BSE Mid Cap index is trading down by 1.2%

The BSE Small Cap index is trading down by 1.3%.

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

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

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

Nasdaq Futures are trading down by 28 points (down 0.2%) while Dow Futures are trading down by 160 points (down 0.5%).

The rupee is trading at 73.88 against the US$.

Gold prices are trading down by 0.3% at Rs 50,269 per 10 grams.

In global markets, gold prices rose today as the US House of Representatives passed a US$ 900 billion pandemic relief package that would finally deliver cash to businesses and individuals.

Tracking firm rates in international markets, gold prices edged higher in Indian markets. On MCX, gold futures edged 0.1% higher to Rs 50,465 per 10 grams. In the previous session, gold prices had edged 0.2% higher.

Note that even though gold has recovered from lows of below Rs 48,000, it remains significantly lower than the August highs of Rs 56,200.

Moving on to stock-specific news...

Among the buzzing stocks, today is Dr Reddy's.

Indian pharma major Dr Reddy's Laboratories will manufacture the Sputnik V vaccine for Covid-19, Russian envoy to India Nikolay Kudashev said on December 21.

The Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, is investing in the production and promotion of the vaccine abroad.

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