Sensex Trades Over 250 Points Higher, Dow Futures Up By 60 Points

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

The BSE Sensex is trading up by 265 points, up 0.6% at 48,518 levels.

Meanwhile, the NSE Nifty is trading up by 74 points.

Sun Pharmaceuticals and UPL are among the top gainers today. Adani Ports and Bajaj Finance are among the top losers today.

Both the BSE Mid Cap and BSE Small-Cap index are trading up by 0.5%.

On the sectoral front, stocks from the healthcare sector and telecom 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 9 points (up 0.1%) while Dow Futures are trading up by 60 points (up 0.2%)

The rupee is trading at 73.96 against the US$.

Gold prices are trading flat at Rs 46,876 per 10 grams.

Gold prices were trading higher in domestic markets in early trade today amid mixed economic data and contrasting comments from Fed officials and the US treasury secretary.

On the Multi-Commodity Exchange (MCX), June gold futures rose 0.2%, or Rs 74, to trade at Rs 46,945 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 Hindustan Aeronautics.

Hindustan Aeronautics (HAL) has signed a memorandum of understanding (MoU) with Rolls-Royce to establish a support system in India for the highly regarded Rolls-Royce MT30 marine engines.

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