Sensex opens lower while Asian markets recover, FTSE 100 declines 1 per cent
Oil prices fell by 3 per cent after Chinese economic data and reports of declining demand
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Stocks in India opened with mild losses and traded flat for the initial hour on Tuesday amid mixed cues from Asian markets while oil prices recovered from the previous day’s fall, capping losses.
Sensex lost the levels of 55,800 and traded above 55,600, while Nifty was also below 16,600.
Asian markets recovered slightly on Tuesday morning after yesterday’s profit booking triggered by China’s weak economic data. Japan, Hong Kong and Shanghai markets are all trading in the green, however, witnessing a volatile session.
Oil prices extended losses on Monday, declining as much as 3 per cent, third straight session fall after Chinese data.
Stocks at Wall Street witnessed an initial sell-off following the release of Chinese data, however, the premium indices recovered in the later hours and posted record closings. The S&P 500 ended 0.3 per cent higher, its 49th record close of the year, the Dow Jones Industrial Average also rose 0.3 per cent and ended the trading day at its 35th record close of 2021. The tech-heavy Nasdaq Composite declined 0.2 per cent.
London’s FTSE 100 fell by almost a per cent on Monday following a 3 per cent decline in oil prices and a sell-off triggered in Asian and the US markets after weak Chinese data.
The UK index of the biggest shares closed down over 64 points, or 0.9 per cent, at 7,153, off the session peak of 7,218 and above the low of 7,117. Insurer Prudential and Burberry group were the biggest drags on the index declining over 3 per cent each.
The mid-cap FTSE 250 declined 0.3 per cent.
Meanwhile, in Europe, the DAX waned 0.6 per cent and the CAC was 1 per cent lower.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments