India, April 16 -- Indian shares eked out modest gains on Wednesday despite weak cues from other Asian and European market due to escalating U.S.-China trade tensions.
Global sentiment was fragile after chipmaker Nvidia said it would incur $5.5 billion in charges due to new U.S. export controls.
Meanwhile, China now faces up to a 245 percent tariff on imports to the United States as a result of its retaliatory actions, the White House said in a statement on Tuesday evening, reigniting trade war fears. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated with U.S. reliance on imported critical minerals.
The benchmark S&P/BSE Sensex rose 309.40 poin...