SME Times is powered by   
Search News
Just in:   • South Korea's current account surplus widens amid US tariff pressure  • SEBI bars US firm Jane Street from Indian markets, directs it to deposit Rs 4,843 crore  • India will soon be world’s third-largest economy: PM Modi  • India’s chemical sector can reach $1 trillion by 2040, create 7 lakh jobs by 2030: NITI Aayog  • Intense talks continue to reach interim India-US trade deal ahead of deadline 
Last updated: 14 Aug, 2019  

BSE.9.Thmb.jpg Sensex gains 353 pts on US tariff delay

BSE.9.jpg
   Top Stories
» SEBI bars US firm Jane Street from Indian markets, directs it to deposit Rs 4,843 crore
» Intense talks continue to reach interim India-US trade deal ahead of deadline
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
SME Times News Bureau | 14 Aug, 2019
Stock markets globally saw major recovery on Wednesday after the US surprisingly put on hold the 10 per cent import tariff on Chinese products it had announced earlier, which had ever since roiled the global financial markets.

Sensex surged as much as 515 points before settling 353.37 points higher at 37,311.53. The broader Nifty jumped by 103.55 points, or 0.95 per cent, to 11,029.40. The rupee also gained 12 paise against the US dollar to close at Rs 71.27 per dollar.

A sharp fall in prices of safe-haven assets like gold was also seen. The prices of the precious metal had jumped significantly over the escalation of the trade tension.

"Nifty rose on Wednesday, pulled up by gains in cyclicals including metals, cement, auto, oil & gas and select financials. Delaying of tariffs on some Chinese imports by the US has raised hopes of improvement in the economic growth scenario globally," said Deepak Jasani of HDFC Securities.

"Select pharma stocks came under profit post their results announcements and regulatory development," he added.

After opening strongly in the positive, the Asian markets gave up some of their gains after China reported weak factory data.

Growth of China's industrial output slowed much more than expected to 4.8 per cent in July from a year earlier.

European markets, however, opened lower after a contraction for the export-reliant German economy in the second quarter.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter