25 Jun

India and Indonesia Indexes Gain as Most Other Asian Indexes Fall

WRITTEN BY Mayur Sontakke, CFA, FRM

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.

Yesterday, the WisdomTree India Earnings fund (EPI) saw a 0.54% decline. The iShares MSCI India ETF (INDA) and the iShares India 50 ETF (INDY) were steady yesterday. Expect the ETFs to recover today.

Other 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.

Latest articles

19 Jul

Barrick Gold Reaches Deal to Buy Acacia Mining

WRITTEN BY Anuradha Garg

After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.

19 Jul

Comcast Shares Pop on Goldman's Optimism

WRITTEN BY Ruchi Gupta

Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."

19 Jul

Why Analysts Are Bearish on Netflix Stock

WRITTEN BY Aditya Raghunath

Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.

On Thursday, pet retailer Chewy (CHWY) reported its first-quarter results after the market closed. The company reported its earnings for the first time.

Kenya’s Safaricom and South Africa’s Vodacom want to team up to purchase M-Pesa rights from Vodafone (VOD).

Cleveland-Cliffs (CLF) released its second-quarter results today before the markets opened.