Sensex Jumps Over 400 Points, Reliance And ITC Top Gainers

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

The BSE Sensex is trading up by 412 points, up 0.8% at 51,835 levels.

Meanwhile, the NSE Nifty is trading up by 109 points.

Reliance and ITC are among the top gainers today. Adani Ports & SEZ and Mahindra & Mahindra 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 automobile sector, are witnessing most of the selling pressure.

The rupee is trading at 72.51 against the US$.

Gold prices are trading up by 0.3% at Rs 48,700 per 10 grams.

In international markets, gold prices were steady above the key US$ 1,900-level today after US consumer price data boosted the precious metal's shine as an inflation hedge. Spot gold advanced 0.2% to US$ 1,907 an ounce to extend its gains this month by nearly 8%.

Tracking positive global cues, gold prices edged higher in Indian markets today. On MCX, June gold futures traded 0.3% higher at Rs 48,662 per 10 grams.

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?

Moving on to stock-specific news...

Among the buzzing stocks, today is PNB Housing Finance.

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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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