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Sensex Jumps 550 Points on Progress in US-China Trade Talks
Thu, 26 Sep 11:30 am

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.

The is trading up by 443 points, up 1.2%, while the is trading up by 138 points.

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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