Indian shares track Asian markets higher, metal stocks shine [Reuters]
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Source: Reuters
Indian shares track Asian markets higher, metal stocks shine BENGALURU, Jan 2 (Reuters) - Indian shares rose on Thursday, in line with Asian markets, as investors cheered Beijing’s monetary policy easing decision and upbeat cues on the Sino-U.S. trade deal front. The NSE Nifty 50 index rose 0.3% to 12,219.25 by 0410 GMT on the second trading day of the year, while the S&P BSE Sensex climbed 0.32% to 41,433.09. China’s central bank on Wednesday cut the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy. The news sent MSCI’s broadest index of Asia-Pacific shares outside Japan 0.35% higher in morning trade. Aiding sentiment further was U.S. President Donald Trump’s announcement on Tuesday that the signing of Phase 1 trade deal with China will take place on Jan. 15. Among sub-indexes, the Nifty Metal index added over a percent, with shares of Steel Authority of India advancing over 3.5%. The Nif
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