Indian Indexes gain
India’s two key indexes, the NSE Nifty 50 and the S&P BSE Sensex, broke their losing streak even as most APAC indexes ended in the red. The S&P BSE Sensex gained 0.8%, while the NSE Nifty 50 rose 0.83%. Both the indexes maintained upward momentum throughout the day.
Of the 30 stocks in the Sensex, 23 gained while eight lost. Oil and gas and utilities were the best-performing sectors. Infosys (INFY) gained 0.35%, while Wipro (WIT) gained 0.23%, both underperforming the key indexes.
Among the other Asian indexes, Jakarta Composite was the best performer with a 0.51% gain. The iShares MSCI Indonesia ETF (EIDO), which gained marginally yesterday, might open in the green today. The ETF has returned 4.7% so far in 2019.
The Taiwan Weighted Index was one of the worst performers in Asia today with a 0.67% fall. The iShares MSCI Taiwan Capped ETF (EWT) lost 0.14% yesterday. The ETF has returned 3% so far in 2019.