Autos stocks slammed the brakes on a relief bounce in European shares, sinking after German carmaker Daimler (DAIGn.DE) warned profit would be hit by higher tariffs.
The FTSE 100 .FTSE climbed 0.8 percent to a three-week high, having fallen as much as 0.7 percent earlier.
The BSE Sensex rose 47 points today to close at 35,739.16 in see-saw trade, led by gains in software exporters and healthcare stocks.
European shares steadied near their highest level in almost a week on Tuesday with Casino (CASP.PA) leading gainers as investors warmed to the French supermarket’s plans to sell assets.
An MSCI index of European stocks was up 0.7 percent in early trading, not far from a recent two-week high.
Stocks took a breather after 2 sessions of robust gains as investors booked profit in recent winners amid uncertainty over global trade relations ahead of a key G7 meet.
The euro rose to a ten-day high after hawkish comments from the ECB, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed.
With the euro set for its 5th week of losses in seven - many investors are racing to protect against further downside risks.
European shares dipped in morning trading but were on course for 8 straight wks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy.
Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20