Sensex above 57,100 in mixed trade in Asia, tech stocks help Wall Street Business News

Indian Sensex hit a new high at 57,100, while Nifty approached all-time highs of 17,000, despite mixed global indices, as computer and pharmaceutical stocks surged.

Chinese and Hong Kong stocks were weaker on Tuesday as Beijing’s crackdown on private industries continued, while Japan’s Nikkei managed some recovery in the final hours.

On Wall Street, the Dow Jones fell, but the S&P 500 and the Nasdaq hit new highs on Monday, led by tech stocks as investors responded positively to the Federal Reserve’s dovish comments on reducing monetary stimulus and what it could mean for the economic recovery.

The Nasdaq Composite finished up 0.9% with Apple Inc gaining 3%, an all-time high, while Microsoft Corp,, owner of Google Alphabet Inc rose 0.9% to 2.5% , helping the tech-savvy the index outperforms the other two indexes.

Meanwhile, the S&P 500 continued its winning streak and finished up 0.4%. The Dow Jones Industrial Average, however, was down 0.16% as energy stocks were hit by concerns over Hurricane Ida.

The London Stock Exchange was closed on Monday on account of a summer holiday.

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This notice was published: 2021-08-31 05:40:44

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