By Krishna V Kurup
(Reuters) - Indian shares held steady on Thursday after six sessions of losses, as Asian equities rose on hopes that U.S. President Donald Trump's plan to introduce hefty tariffs on steel and aluminium imports could exclude certain key partner countries.
Asian shares outside Japan rose sharply as fears of a global trade war eased after White House signalled that the proposed hefty U.S. tariffs on steel and aluminium imports could exclude Canada, Mexico and a clutch of other countries.
The broader NSE Nifty was up 0.12 percent at 10,166.50 as of 0518 GMT, while the benchmark BSE Sensex rose 0.15 percent to 33,082.95.
"Markets are relieved that Trump is going to take a far more thoughtful approach towards any sanctions that he puts through," said Sunil Sharma, chief investment officer at Sanctum Wealth Management.
Private lenders and non-banking financial companies (NBFCs)are gaining as public sector lenders have turned inwards as there is no credit extension at the PSU banks, Sharma said.
Bharti Airtel was 1.6 percent higher, while Idea Cellular edged up 0.06 percent.
(Reporting by Krishna V Kurup in Bengaluru; Editing by Amrutha Gayathri)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)