Sensex opens in red with Asian markets after record close in US, FTSE 100 flat Business News

Indian stock markets opened flat on Monday following their Asian counterparts, however, Sensex and Nifty were in the green.

The Sensex opened 0.2%, or 108 points more to 54,385, while the Nifty50 index opened at 16,281, up 43 points, or 0.3%.

Asian markets are mixed in Monday morning trading as US equity futures remain flat in overnight trading on Sunday. Hang Seng from Hong Kong, Kospi from South Korea and Shanghai Composite opened in the red but edged up after the first few hours. The Japan Stock Exchange has remained closed due to a national holiday.

On Friday, two of Wall Street’s top three indexes hit record highs as stocks in economically-related sectors surged after a solid job increase in July, helping allay fears that the Delta variant has a impact on an emerging economic recovery.

The Dow Jones Industrial Average rose 144 points, or 0.4%, to close at a record high of 35,208. The S&P 500 rose nearly 0.2%, another index to hit a record close of 4 436.52. The Nasdaq Composite, however, was down 0.4% to 14,835.

London’s FTSE 100 ended the week at the same level as gold prices pulled mining majors down, but bullish corporate profits capped losses. The second half of the session was also supported by earnings from US peers.

The blue chip index finished just 2.5 points lower, barely in the green, at 7,122. The London Stock Exchange’s own stock was the index’s biggest winner, followed by the company of Paris Flutter Entertainment and the insurer Prudential. Hikma Pharmaceutical was the big loser.

The domestically-focused FTSE 250 ended the session down 0.2%, with precious metal miners losing 2.3%.

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This notice was published: 2021-08-09 04:58:47

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