Sensex Trades Over 200 Points Higher; Dow Futures Up By 64 Points

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

The BSE Sensex is trading up by 281 points, up 0.6% at 46,725 levels.

Meanwhile, the NSE Nifty is trading up by 60 points.

ONGC and Tata Motors are among the top gainers today. Infosys and Nestle India are among the top losers today.

The BSE Mid Cap index is trading up by 0.2%

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 FMCG 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 17 points (up 0.1%) while Dow Futures are trading up by 64 points (up 0.2%).

The rupee is trading at 73.58 against the US$.

Gold prices are trading down by 0.1% at Rs 50,090 per 10 grams.

In international markets, gold prices steadied as investors balanced elevated U.S. jobless claims with US President Donald Trump's threat to veto a long-awaited stimulus bill.

Tracking a muted international trend, gold prices edged lower in Indian markets today. On MCX, February gold futures edged 0.2% lower to Rs 50,070 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 Tata Communications.

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