Sensex Trades Over 300 Points Higher; Dow Futures Up By 99 Points

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

The BSE Sensex is trading up by 308 points, up 0.7% at 45,917 levels.

Meanwhile, the NSE Nifty is trading up by 97 points.

UPL and ITC are among the top gainers today. Hindalco and Shree Cement are among the top losers today.

The BSE Mid Cap index is trading up by 0.5%

The BSE Small Cap index is trading up by 0.7%.

On the sectoral front, all sectors are trading in green with stocks from the energy 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 11 points (up 0.1%) while Dow Futures are trading up by 99 points (up 0.3%).

The rupee is trading at 73.58 against the US$.

Gold prices are trading down by 0.7% at Rs 49,736 per 10 grams.

In international markets, gold prices eased today as encouraging vaccine developments pushed investors towards riskier equities. But hopes of more US stimulus kept gold supported at lower levels.

Tracking global cues, gold prices also fell in Indian markets as equity markets rallied across the world amid Covid vaccine optimism. On MCX, February gold futures fell 0.6% to Rs 49,815 per 10 grams. In the previous session, gold had ended 0.2% higher.

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...

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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


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