A private-sector survey showed on Tuesday China’s services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world’s second-largest economy and stimulus failed to meaningfully revive consumption.Asian shares slip as China optimism fades; RBA in focus
A private-sector survey showed on Tuesday China’s services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world’s second-largest economy and stimulus failed to meaningfully revive consumption.
The broader indices, BSE midcap and smallcap, outperformed the benchmark and rose nearly a percent each to touch fresh 52-week highs
The Nifty faced stiff resistance at 19,500-19,550, which triggered profit-booking. Metal stocks among top Nifty gainers. Tata Steel and Coal India surge nearly 5 percent each
The August series was marked by the liquidation of long positions by FIIs and a rise in rollovers in short bets to the September series. Analysts, however, say while the bears gained the upper hand as far as the Nifty50 is concerned, bulls were the winners in the broader market
