Indices shrug-off trade war fears; Sensex ends 83 pts up at 35,658 levels
- Friday, Jul 06 2018
- Wealthbuilder Team
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 imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets 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 markets boosted appetite for perceived safe-haven assets such as government debt and the Japanese yen.
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 US and Europe on auto trade tariffs.
(with wire inputs)
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
Nifty sectoral performers
BSE Sensex: Hero MotoCorp, Tata Motors, Bajaj Auto among top gainers
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