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Nifty, Sensex rise on receding trade worries, additional stimulus hopes

File photo. Photograph:( Reuters )

Reuters Bengaluru Aug 27, 2019, 04.12 PM (IST)

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 Nifty closed up 0.43 per cent at 11,105.35, while the benchmark BSE Sensex ended 0.39 per cent higher at 37,641.27.
The Nifty auto index ended up 1.85 per cent, with Tata Motors Ltd settling nearly 9 per cent higher.

The Nifty PSU bank index, which tracks state-owned banks, settled up 2.5 per cent, 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 per cent. Earlier in the day, television channel reported that Kenya suspended a deal between the firm and Telekom Kenya.

Story highlights

The broader NSE Nifty closed up 0.43 per cent at 11,105.35, while the benchmark BSE Sensex ended 0.39 per cent higher at 37,641.27