Sensex Trades Marginally Lower, Dow Futures Up By 18 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 17 points, flat at 48,064 levels.

Meanwhile, the NSE Nifty is trading down by 8 points.

Power Grid Corporation and NTPC are among the top gainers today. Cipla and Dr Reddy's Laboratories 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 1%.

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

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

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

Nasdaq Futures are trading up by 4 points (flat) while Dow Futures are trading up by 18 points (up 0.1%)

The rupee is trading at 74.92 against the US$.

Gold prices are trading down 0.1% at Rs 47,743 per 10 grams.

In domestic markets, gold prices edged higher in early trade today after a sharp drop in the previous session. Gold futures were up 0.3% at Rs 47,927 per 10 grams. In the previous session, gold had declined 0.8%.

In global markets, gold prices edged higher amid falling US Treasury yields and a softer dollar. The precious metal was also supported by weak global equity markets.

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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