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₹302 -7.1  -2.3%

Last Trade - 17/09/21

Sector
Basic Materials
Size
Large Cap
Market Cap £11.03bn
Enterprise Value £12.95bn
Revenue £9.90bn
Position in Universe 45th / 3148

Indian shares edge higher as easing trade tension spur risk appetite

Fri 13th December, 2019 4:08am
* NSE index up 0.6%, BSE index gains 0.55%
    * Metal stocks jump over 2%

    By Sethuraman N R
    Dec 13 (Reuters) - Indian shares rose on Friday, led by
gains metal, banks and auto stocks, as trade tensions between
the United States and China eased, boosting risk appetite.
    The NSE Nifty 50 index  .NSEI  rose 0.6% to 12,047.65 and
the S&P BSE Sensex was up 0.55% at 40,803.67.
    Reuters reported that the United States has agreed to
suspend some tariffs on Chinese goods and reduce others in
return for Beijing's pledge to hike purchases of U.S. farm
products in 2020.  urn:newsml:reuters.com:*:nL1N28M2CI
    The rupee  INR=D4  remained strong at 70.580, after hitting
its highest since Sept. 30 to 70.510 earlier in the session.
    The Nifty metals index  .NIFTYMET  and state-owned banks
 .NIFTYPSU  were the top gainers, rising 2.4% and 1.7%,
respectively. The Nifty auto index  .NIFTYAUTO  rose 1.5%.
   Miner Vedanta  VDAN.NS  was the top gainer in Nifty 50 index,
rising 4%.
    Back home, India's retail price inflation in November jumped
to a 40-month high amid a slowdown in growth in Asia's third
largest economy, prompting some economists to warn that the
country could be entering into a stagflationary phase.
 urn:newsml:reuters.com:*:nL1N28M0CC

 (Reporting by Nallur Sethuraman in Bengaluru; Editing by Arun
Koyyur)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8067496031); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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