Sensex Trades Marginally Higher; Dow Futures Up By 109 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 20 points, up 0.1% at 43,902 levels.

Meanwhile, the NSE Nifty is trading up by 22 points.

Bajaj Finserv and IndusInd Bank are among the top gainers today. HDFC Bank and ICICI Bank are among the top losers today.

The BSE Mid Cap index is trading up by 1.1%

The BSE Small-Cap index is trading up by 1.3%

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

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

US stock futures are trading higher today, indicating a positive opening for Wall Street indices.

Nasdaq Futures are trading up by 42 points (up 0.4%) while Dow Futures are trading up by 109 points (up 0.4%).

The rupee is trading at 74.15 against the US$.

Gold prices are trading up by 0.2% at Rs 50,333 per 10 grams.

In global markets, gold prices edged higher today supported by a weaker dollar.

However, despite positive global cues, gold prices dipped in Indian markets. On MCX, gold futures slid marginally to Rs 50,211 per 10 grams. In the previous session, gold prices had finished 0.5% higher.

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 Reliance.

On November 20, the Competition Commission of India (CCI) approved the acquisition of the retail, wholesale, logistics, and warehousing businesses of Future Group by Reliance Retail Ventures (RRVL) and Reliance Retail and Fashion Lifestyle.

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