Sensex, Nifty Recoup Losses To End Notably Higher

RTTNews | 6 दिनों पहले

(RTTNews) - Indian shares reversed course to end higher on Tuesday after an American top official said that more negotiations are required between the United States and India to seal a trade deal.

"We continue to speak with our Indian counterparts, we've always had very constructive discussions with them," U.S. Trade Representative Jamieson Greer said, days ahead of President Trump's August 1 tariff deadline.

"They have expressed strong interest in opening portions of their market, we of course are willing to continue talking to them. But I think we need some more negotiations on that with our Indian friends to see how ambitious they want to be," he said according to the Bloomberg.

Separately, U.S. President Donald Trump said that countries refusing to negotiate separate trade deals could face tariffs ranging from 15 percent to 20 percent, well above the 10 percent rate set in April.

The benchmark BSE Sensex hit a low of 80,575.45 before rebounding to close up 446.93 points, or 0.55 percent, at 81,337.95.

The broader NSE Nifty index closed up 140.20 points, or 0.57 percent, at 24,821.10, after having hit a low of 24,598.60 earlier.

The BSE mid-cap and small-cap indexes jumped 0.8 percent and 1.1 percent, respectively.

The market breadth was strong on the BSE, with 2,492 shares rising while 1,501 shares declined and 161 shares closed unchanged.

Among the top gainers, Reliance Industries, Larsen & Toubro and Asian Paints all rose around 2 percent.

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Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.

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Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

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Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.

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Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

RTTNews | 5घंटे 3 मिनट पहले

EURUSD	1.1557	GBPUSD	1.32869	AUDUSD	0.64677
USDJPY	147.272	USDCAD	1.37764	USDCHF	0.80904

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Sensex, Nifty Recoup Losses To End Notably Higher