Sensex Trades Marginally Lower; Dow Futures Down By 80 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 106 points, down 0.2% at 46,783 levels.

Meanwhile, the NSE Nifty is trading down by 41 points.

Infosys and HCL Technologies are among the top gainers today. IndusInd Bank and ONGC are among the top losers today.

The BSE Mid Cap index is trading down by 0.5%

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

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

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

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

Nasdaq Futures are trading down by 24 points (down 0.2%) while Dow Futures are trading down by 80 points (down 0.3%).

The rupee is trading at 73.49 against the US$.

Gold prices are trading down 0.3% at Rs 50,235 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.

Moving on to stock-specific news...

Among the buzzing stocks, today is TCS.

The country's largest software exporter Tata Consultancy Services (TCS) has opened its Rs 160 billion share buyback offer for investors today. TCS has decided to buy back up to 53.3 million equity shares and the floor price for this offer has been fixed at Rs 3,000 per share.

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