Sensex Trades Over 600 Points Higher, Dow Futures Up By 118 Points

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

The BSE Sensex is trading up by 620 points, up 1.3% at 49, 060 levels.

Meanwhile, the NSE Nifty is trading up by 192 points.

Tata Steel and Tata Motors are among the top gainers today. Power Grid Corporation and ONGC are among the top losers today.

The BSE Mid Cap index is trading up by 1.6%.

The BSE Small Cap index is trading up by 1.1%.

On the sectoral front, all sectors are trading in green with stocks from the metal sector, witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up 89 points (up 0.7%) while Dow Futures are trading up 118 points (up 0.4%)

The rupee is trading at 72.4 against the US$.

Gold prices are trading down by 0.3% at Rs 44,555 per 10 grams.

Gold prices today declined in Indian markets, tracking softer global rates. On MCX, gold futures fell 0.2% to Rs 44,590. In the previous session, gold fell 0.4%.

Note that earlier this month, gold prices had dropped to nearly one-year lows of Rs 44,150. After today's fall, the precious metal is down about Rs 11,500 from August highs of Rs 56,200.

Moving on to stock-specific news...

Among the buzzing stocks, today is Power Grid Corporation.

State-owned Power Grid Corporation on March 25, 2021, said it has acquired Bikaner-II Bhiwadi Transco (BBTL).

"Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has on March 25, 2021, acquired BBTL," it said in a regulatory filing.

BBTL is the project Special Purpose Vehicle (SPV) which will establish a transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, on a build, own, operate, and maintain (BOOM) basis from the bid process coordinator - PFC Consulting, it added.

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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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