Indian shares rose on Friday, in line with broader Asia, as the United States and China returned to resolving their tariff dispute and on hopes that central banks and governments will do more to avert a global growth slowdown.
Indian equity markets closed lower on Wednesday ahead of the release of the gross domestic product (GDP) data for the first quarter of financial year 2019-20 on August 31, which is expected to indicate slower growth rate for the fourth consecutive quarter.
Indian shares rose for a third straight session on Tuesday, as sentiment was boosted by easing global trade war worries and expectations of additional stimulus supported by a huge dividend from the Reserve Bank of India.
Indian markets took it in their stride the trade-related tensions troubling overseas markets and advanced sharply on Monday on the back of Finance Minister Nirmala Sitharaman's measures announced last week to combat slowdown and improve foreign investor confidence.
Both the key market indices on Monday surged over 2 per cent led by gains made by public sector banks (PSBs) and financial sector stocks, following a slew of measures announced by Finance Minister Nirmala Sitharaman last week.
After what experts termed as a mini-budget on Friday, the markets on expected lines opened on a strong note on Monday.
Market regulator Sebi on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for the multiple investment manager structure would be simplified.
Shares settled lower on Tuesday, led by a fall in financial and consumer stocks with Yes Bank Ltd closing at its lowest in over six years.
Hit by major corporate governance issues involving unauthorised transactions and understatement of liabilities, Gautam Thapar-led CG Power's shares plunged nearly 20 per cent on the BSE on Tuesday during the early trade.