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Markets in India, positive at the rate of increases in Asia and despite Covid

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Shares in major Asia-Pacific markets were mostly up in Monday's trading, with Indian markets advancing 1%, despite investors still keeping an eye on the Covid situation in the country.

The Nifty 50 was up 1.2%, while the BSE Sensex advanced 1.32%. The Covid situation in India remains dire as the country continues to battle a surprising increase in new coronavirus infections. Nearly 350,000 new infections were recorded daily on Sunday.

The Biden government has said that it will immediately make available to India the raw materials necessary for the production of the coronavirus vaccine. The US response comes after Britain, France and Germany also pledged aid to India over the weekend.

In the rest of the region, Japan's Nikkei 225 gained 0.65%, while the Topix index rose 0.38%. South Korea's Kospi advanced 0.76%.

Mainland Chinese stocks were also up, with the Shanghai composite up 0.19% and the Shenzhen component gaining 0.548%. Hong Kong's Hang Seng Index rose 0.1%.

In Australia, the S & P / ASX 200 was largely unchanged.

The broader MSCI index of Asia-Pacific stocks outside of Japan gained 0.66%.

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