The Hang Seng in Hong Kong gained 0.3 per cent to 20,171.27. In Asia, the Shanghai Composite Index gained 1.2 per cent to 3,107.46 while the Nikkei 225 in Tokyo shed 0.3 per cent to 26,677.80. That for the Dow Jones Industrial Average lost less than 0.1 per cent. On Wall Street, the S&P 500 future was less than 0.1 per cent higher. The CAC 40 in Paris rose 0.2 per cent to 6,268.63. In early trading, the FTSE 100 in London gained 0.5 per cent to 7,519.16 and Frankfurt’s DAX added 0.4 per cent to 13,972.15. On Tuesday, the benchmark S&P 500 index lost 0.8 per cent. Oil prices rose more than $1 per barrel to stay above $110. London, Frankfurt, Shanghai and Hong Kong advanced. Global stock markets gained Wednesday after Wall Street sank on weak US housing sales and a profit warning by a prominent social media brand. Provides comprehensive personal finance information on stocks, mutual funds,loans,credit cards, insurance, live NSE BSE prices, circuit breakers, top gainers, top losers and indian mutual funds with details on all fund houses, AMC and schemes with updated returns and portfolios.
In this whipsaw market, investors can resort to defensives & value stocks & sector,” said Vinod Nair, Head of Research at Geojit Financial Services. Global markets are awaiting the release of the Fed minutes, which will be evaluated for details on the path of the upcoming rate hikes. “Domestic indices wavered tracking mixed sentiments from the global markets as investors assessed the possibility of a recession in the US followed by the Fed policy tightening. On NSE, the volatility index or India VIX fell 1.37 per cent to 25.2825. In the broader market, the S&P BSE MidCap index ended at 21,829.06, down 430.49 points (1.93 per cent) while the S&P BSE SmallCap settled at 25,123.30, down 760.55 points (2.94 per cent).
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