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.
28 Feb 2020 05:20 PM
The Indian rupee slipped against the dollar this month amid a broad decline in Asian currencies and equities, on growing alarm over the spread of the coronavirus beyond China and across the globe.
28 Feb 2020 04:37 PM
Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession.
28 Feb 2020 02:56 PM
The pound dropped on Friday, particularly against the euro, as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier.
28 Feb 2020 11:28 AM
The yuan eased on Friday, dragged by a massive global selloff in risk assets as investors panicked about the fast spread of the coronavirus, however, growing expectations of a U.S. rate cut slowed the Chinese currency's fall against the dollar.
28 Feb 2020 09:46 AM
Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.
28 Feb 2020 09:20 AM
The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere.