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.
19 Sep 2019 06:51 PM
The Indian rupee fell against the dollar following an uptick in crude oil prices amid reports that Saudi Arabia had sought crude supply from
19 Sep 2019 04:51 PM
The Bank of England said Brexit uncertainty was causing slack to re-emerge in Britain's economy and damaging productivity, and a failure to reach a transition deal by Oct. 31 could lead to further weakness.
19 Sep 2019 04:18 PM
Indian equity indices closed over 1% lower on Thursday, with financial and metal stocks falling the most, as markets remained wary of government's measures to revive slowing economic growth.
19 Sep 2019 04:10 PM
The euro is trading $1.1065, up from the lows it fell to on Wednesday after the Fed cut rates but signaled no new moves are imminent. Markets are digesting the decision and eyeing several US figures.
19 Sep 2019 03:54 PM
British retail sales unexpectedly fell in August after shoppers bought less online than the month before, when an annual promotion by Amazon appeared to have encouraged them to splash out, official figures showed on Thursday.
19 Sep 2019 02:58 PM
The British pound steadied on Thursday as traders waited the Bank of England monetary policy meeting due later.