INSUBCONTINENT EXCLUSIVE:
Gains in banking, energy and metal stocks supported the markets
Domestic stock markets rose sharply
on Wednesday tracking a rally in global peers as investors' concerns somewhat eased on the US-China trade front after Washington delayed
tariffs on some Chinese imports
The S-P BSE Sensex index gained as much as 438 points to 37,396 and the NSE Nifty 50 index reclaimed the 11,050 level
Gains in financial, metal and energy shares supported the surge
Hopes of a stimulus package from the government to revive the economy also boosted the investor sentiment, according to analysts
Here are 10 things to know:At 10:41 am, the Sensex traded 419.62 points - or 1.14 per cent - higher at 37,377.78, while the
favoured gains with 1,057 stocks on the BSE trading higher and 756 struggling with losses
On the NSE, 930 stocks advanced while 704 declined.HDFC, ICICI Bank and Reliance Industries contributed the most to the advances in
Sensex.The gains came a day after reports that the Ministry of Finance is working on a stimulus package for the industry to revive the
cost for the industry but would also lay out procedures that would further provide impetus to ease of doing business.Government data on
Tuesday showed that consumer inflation came in at 3.15 per cent in July, remaining below the Reserve Bank of India's medium-term target
for the twelfth month in a row
as US President Donald Trump backed off his September 1 deadline for 10 per cent tariffs on the remaining Chinese imports, delaying duties
on cellphones, laptops and other consumer goods in the hopes of blunting their impact on US holiday sales.The surge in US stocks lifted
advanced 0.8 per cent and Japan's Nikkei rose 0.6 per cent.The Sensex and Nifty had closed 1.66 per cent and 1.65 per cent lower
respectively on Tuesday, hurt by a selloff across sectors barring energy shares.(With inputs from Reuters)Get Breaking news, live coverage,
and Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
