Sensex Trades Over 300 Points Lower; Dow Futures Down By 27 Points

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

The BSE Sensex is trading down by 369 points, down 0.7% at 51,334 levels.

Meanwhile, the NSE Nifty is trading down by 95 points.

GAIL and ONGC are among the top gainers today. ICICI Bank and Shree Cement are among the top losers today.

The BSE Mid Cap index is trading up by 0.5%.

The BSE Small Cap index is trading up by 0.7%.

On the sectoral front, stocks from the energy sector, are witnessing most of the buying interest.

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

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

Nasdaq Futures are trading down by 68 points (down 0.5%) while Dow Futures are trading down by 27 points (down 0.1%)

The rupee is trading at 72.73 against the US$.

Gold prices are trading up by 0.3% at Rs 46,360 per 10 grams.

In global markets, gold rates were steady, up 0.4%, after dropping to the lowest in two months in the previous session. On Wednesday, gold fell to US$ 1,769, the lowest intraday level since November 30, as a strong dollar and higher bond yields hurt the precious metal's demand as a haven asset.

Gold was steady today in Indian markets after a five-day slide that pushed prices to a nearly 8-month low. On MCX, gold futures were up 0.4% to Rs 46,407 per 10 grams.

Note that in the last five sessions, gold has skidded nearly Rs 2,000 per 10 grams in tandem with a decline in global rates.

Moving on to stock-specific news...

Among the buzzing stocks, today is GAIL.

Gas Authority of India (GAIL) is going to open its buyback program on February 25, 2021, for up to 69.7 million fully paid-up equity shares of face value Rs 10 each, representing 1.5% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the company.

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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.