FTSE 100 ends flat, Sensex soars over 700 points despite India’s Covid crisis
London’s FTSe 100 ended flat on Friday, up less than half a point to under 6,939. The FTSE 250 was also nominally up by 7 points at closing.
The blue chip index rose 0.32 points or 0.0046 per cent at 6,938.56, and domestically focused FTSE 250 at 22,372.
Meanwhile, the US stocks rose on Friday as tech stocks rallied in anticipation of strong earnings reports this week. The S&P 500 gained 1.09 per cent at 4,180.17, and the Dow Jones Industrial Average rose 0.67 per cent to 34,043.49. The Nasdaq Composite added 1.44 per cent at 14,016.81.
On Monday, the Asian stocks also saw a positive start with Chinese shares near three-week highs as signs the world economic recovery was well on track. Before noon, Shanghai Composite was down day’s high and traded with a gain of 6 points at around 3,480. Nikkei 225 was also in green trading 195 points up. Hang Seng, Kospi and Taiwan index all traded in green.
Indian equity benchmark on the other hand also traded higher on Monday followed by positive global cues. Sensex rallied over 700 points in the initial trade, Nifty above 14,500.