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India and Indonesia Indexes Gain as Most Other Asian Indexes Fall

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Jun. 25 2019, Updated 10:31 a.m. ET

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.

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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.

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