After rising to an intra-day high of 31,188.79, the 30-share index settled 114.29 points or 0.37 per cent up at 30,932.90. The broader NSE Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.
World Bank Group President David Malpass said Carmen will boost efforts to restore growth and meet the urgent debt and recession crises facing many of the World Bank’s client countries.
The Directorate General of Trade Remedies recommended the duty after concluding in its probe that there is a substantial increase in imports of digital offset printing plates from these nation in absolute terms.
The Trump administration in recent months has increased its action against Huawei, preventing it from doing business in the US, as it believes the company known for its technological advancement in 5G is being used by the Chinese leadership in Beijing to serve their interest.
The Expenditure Department had earlier said the COVID-19 outbreak would be considered a ‘force majeure’ situation, which refers to extraordinary events and circumstances beyond human control or a natural calamity, giving relief to companies which have contracts with the central government.
After surging about 34% from a multi-year low hit in March, the S&P 500 has traded in a tight range this month as investors weighed hopes of an economic recovery and fears of another wave of infection as states lifted restrictions.
The 30-share BSE index ended 1,068.75 points or 3.44 per cent lower at 30,028.98, while the broader NSE Nifty plunged 313.60 points or 3.43 per cent to 8,823.25.
He urged the industry to maintain a positive attitude during these difficult times to tide over the present crisis as negativity is not in anybody’s interest.
PM Modi had announced a relief package of Rs 20 lakh crore or about 10 per cent or GDP. However, many of the measures unveiled have been in the form of moves like loan guarantees that do not entail an immediate fiscal cost.
In another initiative, the government has also decided to encourage domestic production of spare parts of military systems procured from defence majors abroad.