India’s stock indexes Sensex and Nifty opened flat on Friday after breaking a three-day losing streak in the previous session, while Asian peer indices remain weak.

Sensex opened 0.2%, or 139 points, up to 52,792, while the Nifty50 index opened at 15,801, up 22 points, or 0.1%.

Asian indices fell early in trade despite a positive close in the US as Chinese stocks fell again, dragged down by the drop in tech stocks. Nikkei, Hang Seng and Sout Korea are all trading at cuts of over 1% each while Shaghai Composite has recouped some of the losses.

Stocks on Wall Street also ended in the green, but far from their all-time highs on Thursday, after weak US GDP data and signs of increased consumer spending. The S&P 500 hits closed near record highs after rising 0.4%, while the Dow Jones Industrial Average gained 0.5%, just below its closing high of 35,144.91. The Nasdaq Composite rose 0.1%.

The real gross domestic product of the United States grew at an annual rate of 6.5% in the second quarter, falling short of expectations of growth of nearly 8.5% while consumer spending exceeded expectations.

London’s FTSE 100 rose on Thursday, helped by positive corporate earnings and a series of announced buybacks and dividends rewarding shareholders as optimism for economic growth returns.

The blue chip index rose 0.9% to 7,078, led by a set of strong earnings and exceptional dividends from oil major Royal Dutch Shell, miner Anglo American, pest control company Rentokil Initial and of the event company Informa.

The mid-cap FTSE 250 also closed, building on its recent highs, adding around 44 points, or 0.2%, at 23,050. European indices also closed near record highs, with the STOXX 600 closing higher. 0.5%.

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Source: www.independent.co.uk
This notice was published: 2021-07-30 04:23:05

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