FTSE 100 closes in red as Deliveroo slumps on debut, Sensex rises over 300 points

London’s FTSE closed in red on Wednesday at a low of 0.9 per cent, dragged down by bank and energystocks, while food delivery company Deliveroo’s stock plunges massively on its trading debut.

The index closed 58 points down to land at 6,713 on the last trading day of the quarter. British Land Co and Mondi were among the stocks that slumped the most.

The domestically focused FTSE 250 was down by 56 points and finished at 21,519.

All eyes were on the Deliveroo stock, which opened well below the initial public offering price, falling as low as 271 pence. The company had priced its IPO at 390 pence per share, giving it a valuation of £7.6bn, less than initially expected.

Asian stocks on opening on Thursday edged higher after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Hong Kong’s Hang Seng index rose 0.66 per cent and Japan’s Nikkei zoomed 1 per cent.

The Indian markets opened higher on Thursday with the BSE Sensex opening 0.7 per cent up, with a gain of over 300 points trading over 39,800 in the early hours, while Nifty started with a gain of over 100 points.

The index slumped 627 points yesterday at 49,509 while the Nifty fell 154 points to settle at 14,690.


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