Sensex and Nifty trade green ahead of RBI policy as Asian markets trade mixed, FTSE 100 ends flat Business News

India’s benchmarks started rising, but with moderate gains as investors wait for the results of the Reserve Bank of India’s monetary policy. The Sensex BSE is above the 54,500 levels, while the Nifty50 held the 16,300 mark.

Asian stock markets traded mixed on Friday despite positive indices from their US counterparts, with the Shanghai Composite remaining in the red around noon, while Hang Seng was flat and Nikkei was in the green.

Stocks on Wall Street rebounded Thursday from the drop in the previous session, aided by a plethora of positive economic data, including reduced jobless claims. The Dow Jones Industrial Average rose 167 points, or 0.5%, to 34,960, the S&P 500 gained 16 points, or 0.4%, to 4,418 and the Nasdaq Composite added 61 points, or 0, 4%, at 14,842.

London’s FTSE 100 closed flat on Thursday, weighed down by mining and consumer staples stocks, while a stronger pound after the Bank of England’s comment on rising inflation also pushed prices down. exporting companies.

The blue chip index ended the day down 3 points or 0.1%. Rolls-Royce, however, outperformed, surging 5.9% to a high of more than a month after the engine maker said it was on track to meet its forecast for this year as the cost cuts and asset sales are helping it overcome a slow recovery. in long-haul travel.

The domestically focused FTSE 250 finished 0.7% ahead.

The Bank of England kept its benchmark interest rate unchanged on Thursday, but said inflation was now on the verge of still exceeding its 2% target, although it reiterated that the price hike would be temporary.

Additional reports by agencies

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This notice was published: 2021-08-06 04:33:32

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