Autos stocks slammed the brakes on a relief bounce in European shares, sinking after German carmaker Daimler (DAIGn.DE) warned profit would be hit by higher tariffs.
The FTSE 100 .FTSE climbed 0.8 percent to a three-week high, having fallen as much as 0.7 percent earlier.
The BSE Sensex rose 47 points today to close at 35,739.16 in see-saw trade, led by gains in software exporters and healthcare stocks.
European shares steadied near their highest level in almost a week on Tuesday with Casino (CASP.PA) leading gainers as investors warmed to the French supermarket’s plans to sell assets.
An MSCI index of European stocks was up 0.7 percent in early trading, not far from a recent two-week high.
Stocks took a breather after 2 sessions of robust gains as investors booked profit in recent winners amid uncertainty over global trade relations ahead of a key G7 meet.
The euro rose to a ten-day high after hawkish comments from the ECB, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed.
With the euro set for its 5th week of losses in seven - many investors are racing to protect against further downside risks.
European shares dipped in morning trading but were on course for 8 straight wks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy.
Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump.
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS