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Indian equities higher on investor optimism following steps to boost economy
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New Delhi, Aug. 26 -- Indian equities on Monday surged as the Centre announced removal of enhanced surcharge on foreign investors and unveiled a series of measures to boost economic growth.
At open, the benchmark Sensex had risen 1.8% or 662.79 points to 37662.79, while the Nifty rose 2.41% to 11000.55 points. But indices pared gains as investors turned cautious after US-China trade tensions worsened. On Friday, President Donald Trump said he will raise tariffs on Chinese imports in response to Beijing's retaliation.
At 9.26 am, the Sensex was at 36956.41, up 0.7%, while the Nifty was up 0.81% at 10915.40.
Government on Friday rolled back some of the controversial measures introduced in the budget, including the enhanced surcharge levi...
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