Indian stock markets opened in positive territory on Thursday, following gains in Asia and the US Federal Reserve’s decision to keep interest close to zero.

BSE Sensex gained half a percent or 250 points to reach 52,693 while the Nifty50 broke through 15,750.

Asian stocks rose on Thursday following China’s efforts to halt the sale following its crackdown on electronics tech and the US Fed’s announcement. Most major indexes, including Japan and China, are trading in the green, while Hang Seng has jumped more than 2.7%.

Wall Street indexes had a mixed close on Wednesday after the Federal Reserve kept its benchmark interest rate unchanged at the record high near zero amid growing concerns about soaring inflation and the rapid spread of the Delta variant. Following the announcement, the S&P 500 erased earlier losses and ended the session with little change at 4,400, while the Nasdaq Composite climbed 0.7%.

The Dow Jones Industrial Average lost 128 points.

Britain’s FTSE 100 surged with help from airline shares as the country opened its borders to travelers without a mandatory quarantine, providing major relief to the travel industry from post-pandemic economic growth with hopes of the return transatlantic and European trade.

The blue chip index rose 20 points, or 0.3%, closing at 7,017, with International Consolidated Airlines Group up 4% on the index. However, the biggest winner was miner Fresnillo after the company said it remained on track to meet its annual targets and that its production forecast for 2021 was unchanged.

While the index has recovered most of the losses suffered during the fall of last week, it still remains below previously seen levels as fears of another wave of Covid continue to linger.

Meanwhile, the domestically-focused FTSE 250 index also gained 0.6%, with airline stocks being one of the biggest gainers.

More about this article: Read More
This notice was published: 2021-07-29 04:46:48


Please enter your comment!
Please enter your name here