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Sensex Falls Over 350 Points, Dow Futures Up by 168 Points

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

The BSE Sensex is trading down by 385 points, down 0.7%, at 59,283 levels.

Meanwhile, the NSE Nifty is trading down 84 points.

NTPC and Coal India are among the top gainers today. HDFC and UltraTech 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 0.2%.

On the sectoral front, stocks from the power 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 higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 103 points (up 0.7%) while Dow Futures are trading up by 168 points (up 0.5%).

The rupee is trading at 74.14 against the US$.

Gold prices are trading down by 0.1% at Rs 45,800 per 10 grams.

Gold prices were flat in Indian markets today near a seven-week low pressured by a rise in the dollar. On MCX, October gold contracts were trading higher by 0.1% at Rs 45,910 per 10 grams.

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

Moving on to stock-specific news...

Among the buzzing stocks today is Lupin.

Pharmaceutical major Lupin is foraying into the diagnostics space to leverage its 'doctor-connect' to tap a sector that is witnessing double-digit growth.

A formal launch is expected next month.

Lupin Diagnostics will be a part of Lupin Healthcare, a 100% subsidiary of Lupin. The company is in the process of recruiting the team, finalising franchise partners, and setting up a 45,000 square feet laboratory in Navi Mumbai.

It is also looking for franchise partners with an investment of Rs 200,000-500,000 without any security deposit.

It is following a hub-and-spoke model where all processing labs are operated by Lupin Healthcare and are surrounded by collection centres.

So far, pharma companies are not present in the diagnostics space, despite their inherent advantage. However, the entry of Lupin marks a new trend of pharma firms diversifying into diagnostics.

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

At the time of writing, Lupin shares were trading up by 1% on the BSE.

Speaking of the stock market, Brijesh Bhatia, Research Analyst at Fast Profits Report discusses whether the metals sector is still the best sector of 2021, in his latest video for Fast Profits Daily.

Moving on to news from the software sector...

HCL Technologies Joins AWS Service Delivery Program

HCL Technologies (HCL) has joined the AWS Service Delivery Program and become an AWS Contact Center Intelligence Partner.

The AWS Service Delivery Program is designed to validate AWS Partners that have a deep understanding of AWS services, demonstrated experience and proven customer success in delivering these services to customers.

AWS Contact Center Intelligence (AWS CCI) solutions cover key areas of the contact center workflow - self-service, real-time analytics and agent assist, and post-call analytics.

Each solution is created using a specific combination of AWS AI services and available through select AWS Partner Network partners.

Joining this program allows HCL to transform its clients' end-to-end contact center ecosystems with AWS offerings across cloud, AI, omnichannel and ML technologies.

HCL can now address transformation needs for its clients with both cloud and on-premises contact centers.

Kalyan Kumar, Chief Technology Officer and Head, Ecosystems, HCL Technologies, said,

• This is a major milestone in our quest to build on the ecosystem of support we have for our clients that cater to a broad range of requirements across industries.

HCL is a proven leader in customer experience transformation space with deep expertise in redefining customer journeys, self-service and agent interactions. It builds and provides enterprise cloud computing solutions on AWS.

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

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

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!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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Indian Share Market Update: Top Gainers and Losers