Sensex Trades On A Volatile Note, Dow Futures Up By 68 Points

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

The BSE Sensex is trading up by 11 points, flat, at 47,960 levels.

Meanwhile, the NSE Nifty is trading up by 13 points.

Dr Reddy's Lab and Bajaj Finserv are among the top gainers today. UltraTech Cement and HCL Technologies are among the top losers today.

The BSE Mid Cap index is trading up by 1.3%.

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

On the sectoral front, stocks from the healthcare sector and real estate sector, are witnessing most of the buying interest.

On the other hand, stocks from the software 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 9 points (up 0.1%) while Dow Futures are trading up by 68 points (up 0.2%)

The rupee is trading at 74.73 against the US$.

Gold prices are trading down 0.4% at Rs 47,194 per 10 grams.

Gold prices in India slipped today amid softer global rates. On MCX, gold futures were marginally lower at Rs 47,380 per 10 grams. In the previous session, gold had hit a two-month high when it rose to Rs 47,850 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 Subex.

Shares of the Bengaluru-based technology company, Subex, rose as much as 14% to hit a fresh 52-week high of Rs 59.8, ahead of the launch of its new artificial intelligence (AI) automation platform on Thursday, April 22.

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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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