Us Debt Ceiling Talks

Indian shares advanced on Tuesday, powered by information technology and Adani group of stocks, even as markets kept an eye on the U.S. debt ceiling talks.

President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.

A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.

The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.

Asian stocks marked time on Wednesday with nervous investors cautiously optimistic or just hoping that frantic talks in Washington to avert a U.S. debt default could lead to a deal before the Oct 17 deadline.

The president's position reflected the White House view that the Republicans' strategy is failing. His meeting with congressional leaders, just over an hour long, ended without any resolution.

Indian shares advanced on Tuesday, powered by information technology and Adani group of stocks, even as markets kept an eye on the U.S. debt ceiling talks.

President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.

A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.

The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.

Asian stocks marked time on Wednesday with nervous investors cautiously optimistic or just hoping that frantic talks in Washington to avert a U.S. debt default could lead to a deal before the Oct 17 deadline.

The president's position reflected the White House view that the Republicans' strategy is failing. His meeting with congressional leaders, just over an hour long, ended without any resolution.