India, June 23 -- Despite struggling for direction till about a couple of hours past noon, the Switzerland stock market closed on a firm note on Tuesday, bucking the largely weak trend across Europe.
Most of the markets in Europe closed notably lower today amid concerns about stretched valuations in the tech sector, and fears of interest rate hikes by the Federal Reserve and a few other major central banks.
The benchmark SMI, which dropped to 13,779.96 at the start and moved along the flat line till a little past mid-afternoon, climbed higher gradually thereafter to eventually settle at 13,910.70, recording a gain of 62.19 points or 0.45%, moving up for a third straight session.
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