European shares rose for 4th straight session, helped by gains among steel makers such as Tenaris, Outokumpu after the US govt outlined proposals for hefty import curbs.
European shares broke a seven-day losing streak as investors took heart from a strong bounce on Wall Street at the end of a rollercoaster session.
The index was down 2.6 percent by 0814 GMT, while Britain’s FTSE dropped 2.5 percent and Germany’s DAX fell 2.7 percent.
NSE benchmark Nifty slumped 256 points to 10,760.60 as the long-term capital gains tax on equity investments imposed in the Budged dampened sentiment.
European shares rose supported by a flurry of mostly positive results and gains by banks after the US Federal Reserve flagged higher interest rates later this year.
European shares edged up in early deals, helped by a well-received update from LVMH, although they were set for their first weekly drop this year.
Earnings updates and dealmaking activity drove the biggest share price moves in Europe as the broader market followed US stocks lower following a strong start of the yr.
A gain of around 20 percent in GKN and strength in the auto sector drove the STOXX 600 index up 0.1% by 0814 GMT.
European shares opened slightly lower, with most sectors except financials in the red as concerns grow over the direction of the bond market.
The world index was flat, just below record highs. .MIW000000PUS. It has gained 2.5 percent in the first five trading sessions of the year.
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SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
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Financial Express Reports
POWER GRID CORP
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Financial Express Reports
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AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM