Sensex Trades Marginally Higher; Dow Futures Up By 42 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up 88 points, up 0.2% at 48,265 levels.

Meanwhile, the NSE Nifty is trading up by 16 points.

Axis Bank and HDFC are among the top gainers today. Hindalco and Tata Motors are among the top losers today.

The BSE Mid Cap index is trading up by 0.6%.

The BSE Small Cap index is trading up by 0.5%.

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

On the other hand, stocks from the metal 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 21 points (up 0.2%) while Dow Futures are trading up by 42 points (up 0.1%).

The rupee is trading at 73.09 against the US$.

Gold prices are trading flat at Rs 51,429 per 10 grams.

In global markets, gold prices eased today after a 2.5% jump in the previous session. The US dollar strengthened today from a two-year low ahead of Senate runoff elections in Georgia.

In Indian markets, gold prices were mixed today, a day after the precious metal had surged following a global rally. On MCX, gold futures were down 0.03% to Rs 51,410 per 10 grams after a Rs 1,200 surge in the previous session.

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...

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