Indian stock indices were trading with moderate gains on Thursday with weakness in banking and financial stocks.
The Sensex dropped as much as 90 points to an intraday low of 55,854 earlier and is now up 130 points. The Nifty 50 index is above 16,600.
Meanwhile, Asian stocks retreated on Thursday despite a positive end on Wall Street, as concerns over increasing Delta variant cases scared investors. The Chinese and Hong Kong markets were in the red while the Japanese market traded flat.
Wall Street shares rose as the US dollar fell on Wednesday, with investors more bullish a day after the House of Representatives passed the $ 3.5 trillion budget framework and a senior health official expressed confidence in the fight against Covid-19.
The benchmark S&P 500 and the Nasdaq Composite closed at record highs, while the Dow Jones Industrial Average made gains on the financials, industrials, communications and consumer discretionary sectors. It was the 51st record close for the S&P 500 this year.
London’s FTSE 100 rose on Wednesday, driven by gains in financial and travel-related stocks, as investors assessed the risks of rising Covid-19 infections around the world and easing of the economic growth.
The FTSE 100 blue chip finished up 0.3%, up for a fourth consecutive session, with HSBC Holdings, Lloyd’s Group, Flutter Entertainment, Standard Chartered and Ocado Group among the top performers.
Additional reports by wire
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This notice was published: 2021-08-26 06:05:45