August 27, 2019 / 10:37 AM / 3 months ago

Indian shares rise on receding trade worries, additional stimulus hopes

* NSE, BSE indexes up for 3rd session

* Tata Motors top gainer on NSE index

* Bharti Airtel biggest loser

Aug 27 (Reuters) - Indian shares settled higher for a third straight session on Tuesday, led by auto and banking stocks, as ebbing global trade war worries and expectations of further stimulus supported by a huge dividend from the central bank boosted investor sentiment.

The broader NSE index closed up 0.43% at 11,105.35, while the benchmark BSE index ended 0.39% higher at 37,641.27.

The Nifty auto index ended up 1.85%, with Tata Motors Ltd settling nearly 9% higher.

The Nifty PSU bank index, which tracks state-owned banks, settled up 2.5%, with 11 out of 12 constituents in the green.

Telecom company Bharti Airtel was the top loser on the NSE index with a drop of 3.42%. Earlier in the day, television channel reported that Kenya suspended a deal between the firm and Telekom Kenya.

For the mid-day report, click (Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below