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Indices shrug-off trade war fears; Sensex ends 83 pts up at 35,658 levels

Among sectoral indices, the Nifty Auto index settled over 1% led by rise in the stocks of Ashok Leyland, Hero MotoCorp and Tata Motors.

SI Reporter  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

Nifty Auto index ended 1.3% higher today. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) ASHOK LEYLAND 132.30 125.00 7.30 5.84 HERO MOTOCORP 3637.10 3505.75 131.35 3.75 APOLLO TYRES 261.50 252.05 9.45 3.75 TATA MOTORS 270.85 261.55 9.30 3.56 BHARAT FORGE 632.35 615.20 17.15 2.79 Click here for more Nifty sectoral performers BSE Sensex: Hero MotoCorp, Tata Motors, Bajaj Auto among top gainers Market at close   The S&P BSE Sensex ended at 35,658, up 83 points while the broader Nifty50 index settled at 10,773, up 23 points. Gold trims losses on soft dollar after US tariffs take effect Gold prices narrowed losses on Friday as US tariffs on Chinese imports weighed on the greenback, stoking fears of a full-blown trade war between the two leading economies. Spot gold was 0.1 per cent lower at $1,256.54 an ounce, having dropped to $1,252.15 earlier in the session. READ MORE Thyssenkrupp shares rise by 3.9% after CEO offers resignation Shares in Thyssenkrupp rose on Friday after Chief Executive Heinrich Hiesinger unexpectedly offered to step down, less than a week after sealing a landmark joint venture deal with India's Tata Steel. READ MORE

The benchmark indices pared most of their day's gains to end marginally higher on Friday tracking recovery in the global

The S&P BSE ended at 35,658, up 83 points while the broader Nifty50 index settled at 10,773, up 23 points.

Among sectoral indices, the Auto index settled over 1% led by rise in the stocks of Ashok Leyland, Hero MotoCorp and Tata Motors.

GLOBAL MARKETS

The imposition of by the United States and on billions of dollars of trade was absorbed calmly by on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gains.

Chinese shares led a recovery by Asian market, partly helped by the perception that the tariff measures were already priced in though worries about what lay ahead for global boosted appetite for perceived safe-haven assets such as government debt and the Japanese yen.

The on more than 800 goods from worth $34 billion took effect at 0401 GMT. President Donald Trump has warned the United States may ultimately target over $500 billion worth of Chinese goods, an amount that roughly matches its total imports from last year.

World stocks rose 0.2 per cent to their highest level in a week while Asian stocks climbed nearly half a percent led by a rebound in Chinese shares.

MSCI’s main European Index edged 0.1 per cent higher and held below a two-week high hit in the previous session amid hopes of a rapprochement between the and Europe on auto trade

RUPEE

The rupee recovered 21 paise from intra-day low of 69.03 to trade at 68.82 against the dollar in late morning deals.
 
As the US is set to impose tariffs on Chinese goods today and sustained foreign capital outflows pressured the sentiment, the rupee fell sharply to 69.03 a dollar before quoting 68.82.

(with wire inputs)

First Published: Fri, July 06 2018. 08:15 IST
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Indices shrug-off trade war fears; Sensex ends 83 pts up at 35,658 levels

Among sectoral indices, the Nifty Auto index settled over 1% led by rise in the stocks of Ashok Leyland, Hero MotoCorp and Tata Motors.

The benchmark indices pared most of their day's gains to end marginally higher on Friday tracking recovery in the global

The S&P BSE ended at 35,658, up 83 points while the broader Nifty50 index settled at 10,773, up 23 points.

Among sectoral indices, the Auto index settled over 1% led by rise in the stocks of Ashok Leyland, Hero MotoCorp and Tata Motors.

GLOBAL MARKETS

The imposition of by the United States and on billions of dollars of trade was absorbed calmly by on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gains.

Chinese shares led a recovery by Asian market, partly helped by the perception that the tariff measures were already priced in though worries about what lay ahead for global boosted appetite for perceived safe-haven assets such as government debt and the Japanese yen.

The on more than 800 goods from worth $34 billion took effect at 0401 GMT. President Donald Trump has warned the United States may ultimately target over $500 billion worth of Chinese goods, an amount that roughly matches its total imports from last year.

World stocks rose 0.2 per cent to their highest level in a week while Asian stocks climbed nearly half a percent led by a rebound in Chinese shares.

MSCI’s main European Index edged 0.1 per cent higher and held below a two-week high hit in the previous session amid hopes of a rapprochement between the and Europe on auto trade

RUPEE

The rupee recovered 21 paise from intra-day low of 69.03 to trade at 68.82 against the dollar in late morning deals.
 
As the US is set to impose tariffs on Chinese goods today and sustained foreign capital outflows pressured the sentiment, the rupee fell sharply to 69.03 a dollar before quoting 68.82.

(with wire inputs)

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