Indian shares rise as trade woes ease; financial and metal stocks gain

Indian shares rise as trade woes ease; financial and metal stocks gain

12 Sep 2019 02:56 PM
 

Indian shares rose on Thursday, in line with broader Asia, buoyed by signs of de-escalation in the Sino-U.S. trade war and as investors hoped that the European Central Bank will deliver stimulus to arrest a slowing global economy. The broader NSE index was up 0.17% at 11,054.88, while the benchmark BSE index was 0.22% higher at 37,354.22. U.S. President Donald Trump on Wednesday delayed an additional increase in tariffs on Chinese goods by two weeks, pushing MSCI's broadest index of Asia-Pacific shares outside Japan 0.4% higher.

    Investors also await an European Central Bank meeting later in the day amid expectations that it would start another wave of monetary easing by central banks around the globe. In the local markets, the Nifty Metals index rose as much as 1.4% to a near five-week high. Shares of Tata Steel Ltd and JSW Steel Ltd were among the top gainers on the NSE index.