Sensex Trades Over 300 Points Higher; Dow Futures Up By 142 Points

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

The BSE Sensex is trading up by 337 points, up 0.7% at 47,310 levels.

Meanwhile, the NSE Nifty is trading up by 108 points.

Adani Ports & SEZ and Tata Motors are among the top gainers today. Hindustan Unilever and Britannia are among the top losers today.

The BSE Mid Cap index is trading up by 1%

The BSE Small-Cap index is trading up by 1.3%.

On the sectoral front, all sectors are trading in green with stocks from the mining sector witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street indices.

Nasdaq Futures are trading up by 72 points (up 0.6%) while Dow Futures are trading up by 142 points (up 0.5%).

The rupee is trading at 73.57 against the US$.

Gold prices are trading up by 0.5% at Rs 50,300 per 10 grams.

In international markets, gold prices jumped 1% as the metal's appeal as an inflation hedge was boosted by news that US President Donald Trump had signed a long-awaited coronavirus relief aid bill.

Tracking firm international prices, gold prices surged today in Indian markets. On MCX, February gold futures rose by 1% to Rs 50,561 per 10 grams.

Note that even though gold has recovered from lows of below Rs 48,000, it remains significantly lower than the August highs of Rs 56,200.

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.

1 2 3
View single page >> |

And to know what's moving the Indian stock markets today, check out the most recent  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.