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.
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
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RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
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Jyoti Deshpande to head RIL's Media & Entertainment Business