Business News

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.

Spread the love

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.

News Source

Read more

Recent Posts

Anahat Singh remains grounded despite her historic World Junior Squash Championship victory

After becoming the first Indian to win the World Junior Squash Championship, Anahat Singh says…

4 weeks ago

Major U.S. Tech Companies Back Open-Weight AI Models, While Anthropic Warns of Security Risks

A group of over 60 U.S. technology companies has urged policymakers to support the development…

4 weeks ago

Bank of Baroda Initiates Forensic Investigation into Alleged Data Breach

Bank of Baroda has launched a comprehensive forensic investigation. This move follows reports indicating that…

4 weeks ago

Unraveling Suhana Khan’s Response to Shah Rukh Khan’s Praise: The Inside Scoop

Beyond the Spotlight: Suhana Khan's Journey Navigating Fame and On-Screen Success

2 months ago

Alpha Trailer Unveils Alia Bhatt’s Explosive Mission Against Bobby Deol, Teases Hrithik Roshan’s Kabir Return.

The much-awaited trailer of Alpha has finally arrived, offering fans a deeper look into the…

2 months ago

As Ola’s Bhavish Aggarwal Faces Criticism, Zomato’s Deepinder Goyal Receives Praise for PR Savvy

The contrasting public images of two prominent Indian startup founders, Zomato's Deepinder Goyal and Ola's…

2 years ago

This website uses cookies.