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Sensex opens flat as Asian markets soar and Wall Street drops, FTSE 100 drops Business News

India’s benchmarks are trading flat on Friday following mixed hints from global markets as investors await the Fed’s remark for management.

BSE Sensex only opened 0.1% more, while Nifty 50 opened at 16,642, just five points ahead.

Asian markets traded higher on Friday, unaffected by losses on Wall Street overnight and chaos in Kabul. However, all eyes remain on Fed Chairman Jerome Powell’s remarks at the Fed’s annual Jackson Hole rally. The Chinese, Hong Kong and South Korean markets all traded in the green, while Japan’s Nikkei opened deep in the red and continued to trade with losses.

Wall Street fell on Thursday amid fears of a faster reduction in the Federal Reserve’s bond buying program, although bank gains and some strong earnings reports helped to cap losses.

All three major US indices had fallen sharply early in the session after a bombing in the Afghan capital, Kabul, briefly shook sentiment. The Dow Jones Industrial Average fell 0.5%, the Nasdaq Composite fell 0.6% and the S&P 500 also slipped 0.5%.

London’s FTSE 100 fell on Thursday, dragged down by weighty mining and financial stocks, as investors weighed the risks of rising global Covid-19 infections and supply chain disruptions.

The blue-chip FTSE 100 index finished down 0.4%, breaking a four-day winning streak with Rio Tinto, BHP Group, Anglo American and Polymetal International being among the main drag.

The domestically-focused mid-cap index fell 0.1% after hitting record highs in the previous session, with travel-related stocks leading the decline.

Additional reports by agencies

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Source: www.independent.co.uk
This notice was published: 2021-08-27 05:49:21

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