Sensex Trades On A Volatile Note, Dow Futures Down By 10 Points

Share markets in India are presently trading on a volatile note.

The BSE Sensex is trading up by 2 points, flat at 47,708 levels.

Meanwhile, the NSE Nifty is trading up by 7 points.

Tata Steel and Wipro are among the top gainers today. Shree Cement and Titan are among the top losers today.

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

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

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

On the other hand, stocks from the consumer durables sector and FMCG sector, are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading flat while Dow Futures are trading down by 10 points (flat)

The rupee is trading at 74.96 against the US$.

Gold prices are trading down 0.6% at Rs 47,944 per 10 grams.

Gold prices edged lower today in Indian markets after the recent surge. On MCX, gold futures were down 0.1% to Rs 48,195 per 10 grams. In the previous session, gold had risen 0.7% to a two-month high of Rs 48,200.

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 KEC International.

Global infrastructure major KEC International announced it has secured new orders worth Rs 12.5 billion across various business segments including Power Transmission & Distribution (T&D), Railways, Civil Construction, and Cables.

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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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