BENGALURU: Indian shares edged higher on Friday as an agreement between India and China to disengage troops on their contested border offset some impact from a selloff in U.S. tech stocks overnight.
Investors are also awaiting August auto sales numbers from the industry body, which is expected to release the report later in the day.
The blue-chip NSE Nifty 50 index rose 0.22% to 11,473.90, while the benchmark S&P BSE Sensex was up 0.22% to 38,927.69 by 0351 GMT.
India and China said on Thursday they had agreed to de-escalate renewed tensions on their contested Himalayan border following a high-level diplomatic meeting in Moscow.
The Nifty Metal Index rose 0.11%. The Indian government is planning to restrict copper, aluminium imports to protect domestic producers, Reuters reported on Thursday, citing sources.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2% after overnight selling in U.S. technology stocks and concerns over U.S. stimulus.
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