Sensex down 250 points as Asian stocks trade mixed, FTSE 100 notches solid gains
Oil stocks in Europe and the US saw a recovery after yesterday’s fall
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Indian indices witnessed a heavy sell-off on Wednesday after a positive opening amid mixed cues. Sensex retreated 165 points to trade at 54,390 levels while the Nifty50 gave up 16,250 levels.
Asian markets saw a subdued start on Wednesday morning as investors await US inflation data. Japan’s Nikkei opened in green and continues to trade higher, while Hang Seng and Shanghai Composite started in red but recovered their losses later.
Two of the three leading indices at Wall Street edged higher on Tuesday with a rebound in oil stocks while weakness in tech stocks dragged Nasdaq down. Investors’ eyes were also set on the passing of a massive $1 trillion infrastructure bill, which the Democrat-controlled Senate later passed with 69-30 votes.
At the close in NYSE, the Dow Jones Industrial Average gained almost 0.5 per cent, hitting a fresh record high, while the S&P 500 index gained 0.1 per cent. The tech heavy Nasdaq Composite index lost half a per cent.
London’s FTSE 100 notched solid gains on Tuesday ending a streak of flat sessions, helped by a recovery in energy stocks, while the midcap index receives support from improvement in British consumer spending.
The blue-chip FTSE 100 ended 28 points or 0.4 per cent higher at 7,1761, the highest levels in over a month. The biggest gainer on the index was betting firm Flutter Entertainment, surging over 7 per cent.
The domestically focused FTSE 250 also gained half a per cent, at a record high of 23,572.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments