Indian shares, along with other emerging market indexes, have been hit hard by a global rout sparked in China.
Benchmark BSE index rebounded after falling to its lowest since early June on Tuesday and was close to giving up its gains made since Narendra Modi was sworn in as prime minister, as global markets remained under pressure.
Indian shares, along with other emerging market indexes, have been hit hard by a global rout sparked in China.
The BSE index is down 17.1 per cent from a record high touched in early March and only about 1 to 1.5 percentage points away from the levels it was trading at in late May.
Modi swept into office promising rapid economic transformation but political differences and the ruling party’s minority position in the upper house have led to little progress on key reforms such as a pro-business land bill.
The BSE index was up 0.4 percent at 0950 India time (0420 GMT).
The broader 50-share NSE index was also up 0.4 percent, after earlier hitting its lowest since July 16, 2014
| Subscribe To Our Free Newsletter |
