Share markets in India jumped sharply today on the back of possible US-China trade talks. Asian stocks rose as hopes that US and China may soon end their year-long trade war boosted demand for riskier assets.
Trump said on Wednesday a deal to end a nearly 15-month trade war with China "could happen sooner" than people think, which would remove a huge shadow over the global economic outlook.
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Among individual stocks, ICICI Bank and Kotak Mahindra Bank gained 3.5% while SBI, IndusInd Bank and Axis Bank gained over 2%.
On the sectoral front, gains were largely seen in the banking sector, oil & gas sector, and finance sector.
More details to follow in the upcoming commentary.
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