Indian shares closed slightly lower on Tuesday, snapping three sessions of gains, as investors booked profit after the central bank kept its policy interest rate unchanged, as was widely expected.
Outgoing Reserve Bank of India Governor Raghuram Rajan kept both interest rates and the cash reserve ratio on hold, leaving it to his successor to decide if inflation is subsiding enough after the monsoon season to make a cut.
The broader NSE index ended down 0.38 percent at 8,678.25, while the benchmark BSE index close
Indian shares ended slightly higher on Thursday, as investors welcomed the long-awaited passage of the goods and services tax (GST), though gains were tempered by concerns about the amount of work needed to bring the reforms into reality.
The Nifty ended 0.07 percent higher at 8,551.10 points, after rising as much as 0.66 percent earlier in the session.
The Sensex ended 0.06 percent higher at 27,714.37 points, after gaining as much as 0.81 percent.
In the 50-share index, Bank
Indian shares edged down on Friday after hitting one-year highs in the previous session, as investors booked profit in banks and financials while disappointing stimulus measures from the Bank of Japan weighed on investor sentiment.
The BOJ doubled purchases of ETFs, but maintained its base money target at 80 trillion yen ($775 billion) and the pace of purchases of other assets, including Japanese government bonds.
The central bank also held at 0.1 percent the interest it charges to a portion of excess reserves fi
The Federal Reserve on Wednesday voted 9-1 to leave U.S. interest rates unchanged, but central bankers appear more open to a September increase in light of an improved economy. The Federal Reserve opted Wednesday not to raise interest rates, despite painting a rosier economic picture than it did just a month ago.
As expected, the Federal Open Market Co
The NSE Nifty rose to its highest since April last year while the benchmark BSE Sensex reached near one-year high as the central government and states made some headway on the Goods and Services Tax bill.
State finance ministers backed the tax bill after meeting with Finance Minister Arun Jaitley on Tuesday, rallying hopes of the bill getting cleared by the Rajya Sabha (upper house of parliament) in the current monsoon session.
The sentiment was also boosted by hopes of stimulus by the Bank of Japan. Prime M
As expected, the Federal Open Market Co
