Indian shares edged higher on Friday as an agreement between India and China to disengage troops on their contested border offset some impact from a selloff in US tech stocks overnight.
Investors also are awaiting August auto sales numbers from the industry body, which is predicted to release the report later within the day.
The blue-chip NSE Nifty 50 index rose 0.22% to 11,473.90, while the benchmark S&P BSE Sensex was up 0.22% to 38,927.69 by 9:21 am.
India and China said on Thursday that they had agreed to de-escalate renewed tensions on their contested Himalayan border following a high-level diplomatic meeting in Moscow.
The Nifty Metal Index rose 0.11%. The Indian government is getting to restrict copper, aluminium imports to guard domestic producers, Reuters reported on Thursday, citing sources.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2% after overnight selling in U.S. technology stocks and concerns over U.S. stimulus.
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