Sensex Trades Over 200 Points Higher; Dow Futures Up By 37 Points

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 214 points, up 0.4% at 50,619 levels.

Meanwhile, the NSE Nifty is trading up by 76 points.

Bajaj Auto and Hero MotoCorp are among the top gainers today. Axis Bank and Hindalco 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 energy 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 mixed today.

Nasdaq Futures are trading down by 105 points (down 0.3%) while Dow Futures are trading up by 37 points (up 0.1%)

The rupee is trading at 72.83 against the US$.

Gold prices are trading down by 0.2% at Rs 44,615 per 10 grams.

Gold prices struggled in Indian markets today while silver rates surged. On MCX, gold futures were flat at near 10-month lows of  Rs 44,731 per 10 grams while silver futures rose 1.3% to Rs 66,465 per kg.

Note that gold prices have fallen sharply this year, hurt by optimism over a robust economic recovery and a faster-than-anticipated rise in bond yields. Gold prices in India are down over Rs 5,000 from the start of this year as compared to the August highs of  Rs 56,200; the precious metal is off by about Rs 11,500.

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.

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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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