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Sensex Trades Marginally Higher, Dow Futures Trade Flat
Thu, 16 Sep 12:30 pm

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 263 points, up 0.4%, at 58,986 levels.

Meanwhile, the NSE Nifty is trading up by 74 points.

IndusInd Bank and ITC are among the top gainers today. Coal India 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 0.1%.

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

On the other hand, stocks from the software 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 16 points (down 0.1%) while Dow Futures are trading flat.

The rupee is trading at 73.44 against the US$.

Gold prices are trading down by 0.6% at Rs 46,616 per 10 grams.

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The Indian government is planning to cover 40,000 km of national highways with EV charging stations by 2023.

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Gold prices were weak in Indian markets today after a sharp fall in the previous session. On MCX, gold futures were down 0.04% to near a one-month low of Rs 46,878. In the previous session, gold had slumped 0.8% or about Rs 400.

In global markets, gold rates were down below the key US$ 1,800 level as investors remained cautious ahead of next week's US Federal Reserve meeting. Spot gold fell 0.6% to US$ 1,793.2 per ounce despite a subdued US dollar.

The Fed's two-day policy meeting is due on September 21-22. Analysts expect the US central bank to provide guidance on when it will start withdrawing its asset purchases and on eventual interest rate hike.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best performing commodities this year to combat the fallout from the coronavirus pandemic.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Find Out: How to Create Massive Gains from Govt's Mega 2023 Plan?

Moving on to stock-specific news...

Among the buzzing stocks today is Tata Motors.

Tata Motors has inked a pact with Tata Power to install and operate a 3 MWp rooftop solar project at its passenger vehicle business unit (PVBU) plant in Pune.

The solar rooftop project is expected to generate nearly 45 lakh KWh (kilowatt hour) per year, reducing carbon emissions by around 3,538 tonnes per year.

Energy efficiency is at the core of the company's efforts and reducing GHG emissions and the carbon footprint of products play a vital role.In a press release, the Tata Motors said,

  • We will continue to conserve energy in our manufacturing facilities, optimising the consumption of non-renewable fossil fuels, energy productivity, climate change mitigation and lower operating costs.

Meanwhile, Tata Power Chief, Ravinder Singh said that the partnership represents a collective effort to help Tata Motors lower its carbon footprint and achieve its net zero carbon goal.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, Tata Motors shares were trading down by 0.3% on the BSE.

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Act Now - Govt's Mega 2023 Plan Could Bring a Tsunami of Wealth

The Indian government is planning to cover 40,000 km of national highways with EV charging stations by 2023.

This could accelerate EV adoption in India and lead to a potential massive rally in a few EV stocks.

We've already identified 3 such EV stocks for you.

And we'll be revealing all details about them in an exclusive online event this coming Monday.

Click the link below to register immediately.

YES, Register Me for FREE.
------------------------------

Speaking of the stock market, India's #1 trader, Vijay Bhambwani talks about a critical aspect of trading, in his latest video for Fast Profits Daily.

Moving on to news from the software sector...

Infosys Announces Strategic Collaboration With SAP

Infosys has announced a strategic collaboration with SAP, a market leader in enterprise application software, to provide Business Process Transformation-as-a-Service to enterprises.

Through this collaboration, Infosys will leverage business process intelligence (BPI) from SAP to identify opportunities and obstacles in the transformation journey and create a roadmap for its clients.

In a press release, Dinesh Rao, Executive Vice President of Infosys said,

  • As we navigate through cloud, BPI becomes an essential component of the transformation journey for enterprises. Given our strong relationship with SAP, we will continue to deliver value and innovative solutions to our clients.

Rouven Morato, General Manager, Business Process Intelligence, SAP, said the value of BPI extends beyond IT and impacts how businesses operate.

SAP is a German multinational software corporation, that develops enterprise software to manage business operations and customer relations. The company is especially known for its ERP software.

How this collaboration pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

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Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Down by 30 Points (Today's Market)

Oct 20, 2021 12:30 pm

BSE Sensex is trading down by 226 points, while the NSE Nifty is down by 91 points.

Sensex Opens Marginally Lower; Tata Steel and Coal India Top Losers (Today's Market)

Oct 20, 2021 09:30 am

Indian share markets open marginally lower. The BSE Sensex opened down by 180 points, while the Nifty is trading lower by 85 points.

LEMON TREE HOTELS Share Price Down by 6%; BSE 500 Index Down 1.1% (Today's Market)

Oct 20, 2021 09:31 AM

LEMON TREE HOTELS share price is trading down by 6% and its current market price is Rs 53. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are ICICI SECURITIES (up 4.1%) and NESTLE (up 2.2%). The top losers are LEMON TREE HOTELS (down 5.6%) and CERA SANITARY (down 5.6%).

TCI EXPRESS Share Price Down by 6%; BSE 500 Index Down 0.9% (Today's Market)

Oct 20, 2021 09:29 AM

TCI EXPRESS share price is trading down by 6% and its current market price is Rs 1,620. The BSE 500 is down by 0.9%. The top gainers in the BSE 500 Index are TTK PRESTIGE (up 3.6%) and ICICI SECURITIES (up 3.4%). The top losers are TCI EXPRESS (down 5.8%) and CERA SANITARY (down 6.4%).

CERA SANITARY Share Price Down by 6%; BSE 500 Index Down 0.5% (Today's Market)

Oct 20, 2021 09:27 AM

CERA SANITARY share price is trading down by 6% and its current market price is Rs 6,275. The BSE 500 is down by 0.5%. The top gainers in the BSE 500 Index are TTK PRESTIGE (up 4.1%) and NETWORK18 MEDIA (up 3.8%). The top losers are CERA SANITARY (down 5.7%) and NAVIN FLUORINE (down 9.6%).

INDIAN ENERGY EXCHANGE Share Price Down by 6%; BSE POWER Index Down 0.7% (Today's Market)

Oct 20, 2021 09:25 AM

INDIAN ENERGY EXCHANGE share price is trading down by 6% and its current market price is Rs 843. The BSE POWER is down by 0.7%. The top gainers in the BSE POWER Index are BHEL (up 1.2%) and RELIANCE INFRA (up 1.0%). The top losers is INDIAN ENERGY EXCHANGE (down 6.0%).

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