Sensex Trades Marginally Lower, Dow Futures Up By 174 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 29 points, down 0.1% at 48,662 levels.

Meanwhile, the NSE Nifty is trading down by 39 points.

Tata Motors and NTPC are among the top gainers today. SBI Life and HUL are among the top losers today.

The BSE Mid Cap index is trading down by 1%.

The BSE Small Cap index is trading down by 1.1%.

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

On the other hand, stocks from the FMCG 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 102 points (up 0.8%) while Dow Futures are trading up by 174 points (up 0.5%)

The rupee is trading at 73.32 against the US$.

Gold prices are trading up by 0.3% at Rs 47,588 per 10 grams.

In international markets, gold prices edged lower as US Treasury yields rose to an eight-week high and the dollar firmed after a bigger-than-expected rise. Spot gold was down 0.2%.

Following the trend in the international markets, gold prices in domestic markets were trading lower in early trade today on Akshaya Tritiya, On the Multi-Commodity Exchange (MCX), June gold contracts dipped 0.2% to Rs 47,365 for 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...

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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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