Indian equity benchmarks rise as Trump delays China tariffs
Indian equity indices followed their Asian peers higher on Wednesday after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict.
The broader NSE index rose 0.96% to 11,030.90, while the benchmark BSE index gained 0.98% to 37,319.72.
U.S. President Donald Trump delayed his Sept. 1 deadline for 10% tariffs on some Chinese imports, delaying duties on a range of consumer goods and sending Wall Street stocks soaring on Tuesday.
The trade conflict has disrupted global supply chains and slowed economic growth, dampening sentiment across markets.
Daily Market Reports
Categories
Want to Know more
Best Offers
Recommended for you...
16 Aug 2019 05:42 PM
The rupee today closed higher
The Indian rupee fell for a sixth week against the dollar, its biggest losing streak since May last year, as trade tensions and global growth
16 Aug 2019 03:41 PM
Yen hits fresh session lows near 106.50 versus dollar as ris...
The yen hit session lows versus the dollar near 106.50 levels, as the recovery in the risk sentiment gathered steam, as reflected by the extension of the relief rally in the Treasury yields and S&P 500 futures.
16 Aug 2019 03:37 PM
Pound set for biggest weekly gain in nearly 2 months
The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit.
16 Aug 2019 03:33 PM
Euro drops to two-week low against the dollar
The euro fell to a two-week low on Friday against the dollar, which extended the gains it made the day before after U.S. retail sales data came out better than expected .
16 Aug 2019 02:57 PM
Indian equity indices slide
Indian equity indices slipped on Friday as the local markets caught up with a broader selloff in the previous day after fears of a recession in the United States stoked worries about global growth.
16 Aug 2019 02:18 PM
Yuan weakens amid dollar strength, Beijing's tariff retaliat...
China's yuan eased on Friday, pressured by a stronger dollar and trade worries after Beijing pledged to retaliate for the latest U.S. tariffs. The dollar firmed