The Asia Pacific on the rise, except China

The Asia Pacific indices rose mainly in the first session of the week, except for China, which was negative. Futures for Europe and the United States are also rising while maintaining the positive change from last week in market sentiment.

As for China, Chinese stocks wavered with no clear direction on Monday. Tech shares experienced losses amid Beijing’s deepening anti-monopoly war. It offset gains in energy and healthcare companies.

The blue-chip CSI300 index yielded 0.1% to 4,992.42. However, the Shanghai Composite Index surged by 0.3% to 3,427.99 points.

STAR market dropped by 0.8%, while an index tracking the IT sector slipped by 0.5%. It followed the internet watchdog announcement about a ban on some mobile app notifications on Sunday. 

Indian stock market ended the day with gains

Indian markets started the day on a bullish note. They were led by buying across sectoral indices and positive global cues. 

Despite the notable resurgence in the coronavirus pandemic on today’s trading session, Sensex has soared almost 384 points with an intraday high of 49,590.43. Meanwhile, Nifty 50 has hiked more than 128 points with an intraday high of 14,951.25.

On Sensex, Dr. Reddy’s Lab advanced by 3.6%. At the same time, HDFC and Sun Pharma soared by 2.2%. 

ONGC, M&M, NTPC, L&T, IndusInd Bank, Kotak Bank, and ICICI Bank raised between 1-2%.

As for underperforming stocks on Sensex, Ultratech Cement tumbled by 2%. It was followed by Infosys and Bajaj Finance dropping by 0.6% and 0.3%, respectively. Reliance Industries traded on a low level.

Sectoral indices, Nifty Metal and Nifty Pharma increased by 2% and 2.6%, respectively. Banking, financial and auto indices also gained almost 1%.

Coronavirus cases in India reached their highest number in the previous week. The country registered 4,03,738 new coronavirus cases. The total number of a covid-19 related deaths passed 27,000.