Sensex Trades Marginally Higher, Dow Futures Up By 23 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 190 points, up 0.3%, at 58,487 levels.

Meanwhile, the NSE Nifty is trading up by 45 points.

Bharti Airtel and HDFC are among the top gainers today. Wipro and Axis Bank are among the top losers today.

The BSE Mid Cap index is trading up by 0.1%.

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

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

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

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

Nasdaq Futures are trading up by 36 points (up 0.2%) while Dow Futures are trading up by 23 points (up 0.1%)

The rupee is trading at 73.25 against the US$.

Gold prices are trading down by 0.1% at Rs 47,380 per 10 grams.

Gold prices today edged lower in Indian markets amid subdued global cues. On MCX, gold rates slipped marginally to Rs 47,406 per 10 grams. In the previous session, gold had edged 0.2% lower.

In global markets, gold prices edged higher, supported by a weak US dollar. The prospects of the US Federal Reserve delaying its tapering of bond purchases also helped the yellow metal. Spot gold rose 0.2% to US$ 1,826.8 per ounce.

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.

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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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