India Market News

Indian shares rose for a third straight session on Friday, in line with gains in broader Asia, as U.S.-China trade tensions eased, with IT firm Tech Mahindra Ltd leading gains after scoring a deal with U.S. telecoms firm AT&T Inc.

India's benchmark BSE index reversed early gains and closed slightly lower on Thursday as sluggish economic growth kept investors cautious and the government's assurance to the ailing auto sector failed to bring much cheer.

Indian shares edged higher on Thursday, led by gains in mining and energy stocks, with sentiment buoyed by hopes of progress in resolving the protracted U.S.-China trade dispute after the two sides agreed to hold talks.

Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with sentiment lifted by easing political tensions in Hong Kong and Europe.

Indian shares were subdued on Wednesday as index heavyweights lagged amid weak global cues, following a sharp slump in the previous session due to heavy foreign outflows from capital markets.

Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew at its weakest pace in over six years.

* PSU bank index hit by merger move (Updates shares, adds analyst quote)

Indian shares dropped sharply on Tuesday, after data last week showed the economy grew at its weakest pace in over six years as consumer demand weakened and government spending slowed.

India's currency, debt and equities markets are closed on Monday, Sept. 2, for a public holiday.