Indian stock markets retreated from record highs, following the weakness of their Asian peers. Sensex opened more than one hundred points or 0.2% lower, below previously hit levels of 55,400, while Nifty also dropped levels of 15,400.
Asian stocks made a cautious start on Monday following the release of Chinese economic data. Japan’s Nikkei fell over 500 points, or nearly 2%, in early morning trading, while Hang Seng is recovering from lows and still trading in the red. The Shanghai Composite, meanwhile, is trading up 0.5%.
Wall Street indices hit new highs on Friday, boosted by a bullish earnings season, including better-than-expected results from entertainment juggernaut Disney. The Dow Jones Industrial Average and S&P 500 closed 0.04% higher at 35,515, the S&P 500 ended up 0.16% at 4,468.00, while the Nasdaq Composite also closed 0 .04% to 14,823.
London’s FTSE 100 ended the week on a positive note, hitting a new 18-month high early in the session, led by health and consumer staples stocks.
The blue chip index finished up 25 points or 0.4% at 7,219, with real estate investment trust Segro, metals mining company polymetal international and energy company SSE leading the winners.
While the consumer staples stocks generating dollar gains, including Unilever, Reckitt Benckiser Group, British American Tobacco and Diageo Plc, gained between 0.5% and 0.8%.
Meanwhile, the domestically-focused FTSE 250 finished up 0.2%.
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Source: www.independent.co.uk
This notice was published: 2021-08-16 04:49:40
