Hong Kong’s Alibaba shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma traveled to Europe and after the release of a new chip. The stock pared some of those gains and was just under 7% higher in afternoon trade.
European stocks are expected to open higher on Tuesday with markets buoyed by positive global sentiment. The U.K.’s FTSE index is seen opening 5 points higher at 7,209.
The Sensex scaled the 60,000 milestone in early trading on Friday amid a continuing decline in covid cases, rising vaccination and improvement in the economic environment. After going live way back on January 2, 1986 at a base of 100, the Sensex’s journey to 60,000 has been a stupendous feat.
Cryptocurrency Prices: After a brief profit taking period, a majority of the cryptocurrencies were trading with marginal gains on Monday. Nine out of the top 10 cryptocurrencies were trading higher at 9.30 hours IST, led by XRP, Dogecoin and Polkadot, which gained up 6 per cent.
Sensex LIVE Updates: The Indian equity benchmark indices, Sensex and Nifty are trading higher Monday led by across the board gains amid positive global cues. Broader markets, smallcap and midcap indices supported the upside momentum.
Sensex, Nifty fell over 0.50% on Wednesday. Asian stocks were mixed Wednesday as investors awaited a key report on U.S. inflation. Data out Wednesday are expected to show prices paid by U.S. consumers grew in July at the slowest pace in five months, though remain elevated.
UK Stocks: Total FTSE 100 dividend payments are expected to rise by a quarter this year to £76.9 billion ($106.3 million), meaning the U.K stocks is set to yield 3.7% for 2021, according to data aggregated by British stockbroker AJ Bell.