Sensex Trades Flat, Dow Futures Down By 31 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 8 points, flat at 49,894 levels.

Meanwhile, the NSE Nifty is trading down by 26 points.

M&M and Cipla are among the top gainers today. Tata Steel and Hindalco are among the top losers today.

The BSE Mid Cap index is trading down by 0.2%.

The BSE Small Cap index is trading down by 0.6%.

On the sectoral front, stocks from the metal sector, are witnessing most of the selling pressure.

On the other hand, stocks from the real estate sector, are witnessing most of the buying interest.

US stock futures are trading lower today, indicating a negative opening for Wall Street.

Nasdaq Futures are trading down by 26 points (down 0.2%) while Dow Futures are trading down by 31 points (down 0.1%)

The rupee is trading at 73.14 against the US$.

Gold prices are trading down by 0.4% at Rs 48,474 per 10 grams.

Gold prices fell today in Indian markets while silver extended decline to the third straight day, tracking lackluster global cues. On MCX, gold futures were down 0.3% to Rs 48,520 while silver was off 0.4% to Rs 72,073 per kg.

In the previous session, gold had hit an over 3-month high of Rs 48,700 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?

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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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