Indian share markets continued to trade in the green during the closing hours of the trading session and ended the day on a positive note. Gains were largely seen in the healthcare sector, realty sector and energy sector.
At the closing bell, the BSE Sensex stood higher by 207 points (up 0.6%) and the NSE Nifty closed higher by 79 points (up 0.7%). The BSE Mid Cap index ended the day up by 0.9%, while the BSE Small Cap index ended the day up by 0.5%.
Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood lower by 0.66% and the Nikkei was trading up by 2.23%. The Shanghai Composite stood lower by 0.17%.
European markets were trading on a positive note. The FTSE 100 was up by 0.04%. The DAX was up by 0.25% while the CAC 40 was up by 0.28%
The rupee was trading at 69.85 to the US$ at the time of writing.
In the news from global financial markets, data showed that China’s investment in the first seven months of the year slowed to a record low and retail sales softened.
As per the data, fixed-asset investment growth for China slowed to 5.5% during January-July. The data raised concerns about weakening domestic demand and faltering business confidence amid an ongoing US trade war.
Industrial output rose 6% in July and was below expectations of a 6.3% increase. Retail sales also stood below expectations and rose 8.8% in July from a year earlier. This was below an expected 9.1% increase and also 9% growth seen in June.
All this comes at a time when the US is imposing retaliatory tariffs on China. Note that the Trump administration last week announced that it would impose 25% tariffs on imports of 279 items from China amounting to US$ 16 billion.
The US Trade Representative said that the move is a part of the US’ response to China’s unfair trade practices related to the forced transfer of American technology and intellectual property.
