Picture used for illustrative purpose. File
Indian shares were flat on Friday, after an agreement to de-escalate tensions on the contested Indo-China border helped offset some impact from a selloff in U.S. tech stocks overnight, while investors awaited industry data.
The blue-chip NSE Nifty 50 index rose 0.04% to 11,454.00, while the benchmark S&P BSE Sensex was up 0.02% to 38,846.68 by 0455 GMT. The indexes, which are less technology stocks driven than their global peers, closed more than 1.5% higher in the previous session.
The country will be releasing its industrial output data for July later in the day. A Reuters poll forecast a fourth straight month of decline.
India and China said on Thursday they had agreed to disengage troops on their contested Himalayan border and take steps to restore "peace" following a high-level diplomatic meeting in Moscow.
"The disengagement process could be very gradual, which may keep market participants on the toes," said Ajit Mishra, vice president, research at Religare Broking.
The Nifty Auto Index was up 0.45%, after the country's auto industry body said total domestic passenger vehicle sales for August were up 14.2% on the year.
The Nifty Metal Index rose 0.15%. The Indian government is planning to restrict copper and aluminium imports to protect domestic producers, Reuters reported on Thursday, citing sources.
Mortgage lender Housing Development Finance Corporation and India's most valuable bank HDFC Bank Ltd were among the top drags on the Nifty, falling as much as 0.8% each.
IT major Tata Consultancy Services Ltd was among the top boosts, rising as much as 2.2%.
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.
As we come to the end of a decade that witnessed unprecedented monetary policy expansion, an eye on the trends observed and those rapidly in play, helps examine critical
The government is working on a privatisation plan to help to raise money by selling assets in non-core companies and sectors when the country is strapped for funds due to lack of economic growth caused by the coronavirus pandemic.
The NSE Nifty 50 index rose 0.64% to 10,774.50 by 0511 GMT, while the benchmark S&P BSE Sensex climbed 0.67% to 36,570.32.
The UAE economy is forecast to grow 3 per cent in 2023 and 4 per cent in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism,
This important accomplishment has been fulfilled under the directives of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, and the supervision of His Highness Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE.
The global online trading platform market is projected to grow from $9.32 billion in 2022 to $12.16 billion in 2028, at a CAGR of 5.1%. The Middle East