June 11 (Reuters) – India’s Benchmark Indexes Inched Higher on Wednsday, LED by it stocks on signs on Signs of Progress in Trade Talks Between the US and Its Key Trading Partners, SUCH SUCH ASDIA and China Profit Booking in Financials Capped Gains.
The nifty 50 rose 0.15% to 25,141.4 and the bse senses added 0.15% to 82,515.14.
Negotiators from the us and China have agreed on a framework to get their traffic truck back on track, pending final approval by their Countries’ Leaders.
Other asian markets rose on the day, with the msci asia ex-japan index gaining 0.6%.
Meanwhile, Indian and Us Officials Made Progress on Bilateral Trade Talks in New Delhi, Focusing on Industrial Goods, Agriculture, TARIFF Reductions and Non-Tariff Barriers, Acording Govern Sources.
Seven of the 13 Major Sector Logged Gains.
It companies, which earn a significant share of their revival from the US, rose 1.3%, logging gains for a Sixth Straight Session.
However, pressure on Financials and Banks, Down 0.3% Each, Capped Browder Market Gains as Profit-Booking Persisted Due to the Recent Recent Record Highs in the wake of the wake of the RBI’s Step RBI’s Step Rate Cut.
“There can be a consolidation in markets after the fast and furious rally in the last few weeks, but the train for domestic markets remains upwards,” Said Devang Mehta, “Said Devang Mehta, Director of Equity Advity Advity Advity Advity Advity Advity Advity Advity Advity Advity Advity at Spark Capital PWM, Citing Growth Support from the RBI on Friday and the positivity Around the global trade talks.
India’s nifty 50 has gained 3.3% since the start of may and is trading at its highhest level since the mid-october 2024.
Among Other Stocks, Liquor Makers Such as Radico Khaitan and United Spirits Lost 3.8% and 6.6% after Maharashtra State Hiked Excise duty on Indian Made Foreign Liquor.
BSE Fell 4.1% After Being Placed under a National Stock Exchange Framework, Drawing A 100% Margin on Trades.
The broader, more domestically focused small-caps and mid-caps fell about 0.5% Each, Snapping Seven-Session and Five-Session winning streaks, respectly.
($ 1 = 85.4750 Indian Rupees) (Reporting by Bharath Rajeswan in Bengaluru; Editing by Janane Venkatraman and Sumana Nandy)
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