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India and Indonesia Indexes Gain as Most Other Asian Indexes Fall

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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.

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