Sensex Rises Over 100 Points, Dow Futures Trade Flat

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 187 points, up 0.4% at 52,487 levels.

Meanwhile, the NSE Nifty is trading up by 36 points.

Bajaj Finance and Coal India are among the top gainers today. Adani Ports and SBI are among the top losers today.

The BSE Mid Cap index is trading down by 0.3%.

The BSE Small Cap index is trading up by 0.2%.

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

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

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 8 points (up 0.1%) while Dow Futures are trading down by 7 points (flat).

The rupee is trading at 72.97 against the US$.

Gold prices are trading up by 0.3% at Rs 49,357 per 10 grams.

Gold prices in India continued to struggle for the sixth day in a row, moving in a very narrow range. On MCX, gold futures were up 0.2% at Rs 49,275 per 10 grams in early trade,

Note that gold has struggled in a narrow range after hitting a 5-month high of Rs 49,750 last week. In August last year, the precious metal had hit a record high of Rs 56,200.

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.

Moving on to stock-specific news...

Among the buzzing stocks, today is eClerx.

Shares of eClerx Services were locked in a 20% upper circuit on the BSE today after the company reported healthy March quarter numbers.

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