Share markets in India are presently trading on a strong note, tracking gains in Asian share markets amid optimism about US-China trade developments.
The BSE Sensex is tradng up by 501 points, up 1.2%, while the NSE Nifty is trading up by 145 points.
Shares of Bharti Airtel and Tata Steel jumped 4-5%, while IndusInd Bank, HDFC, and Maruti Suzuki surged 3%.
On the sectoral front, gains are largely seen in the telecom sector, metal sector, and automobile sector.
Asian markets are higher today on fresh optimism over the long-running China-US trade talks after Beijing offered an olive branch on the key issue of intellectual property (IP), while Donald Trump hailed progress on the agreement.
Over the weekend, China said it would hike penalties on violations of intellectual property rights while also look at reducing the thresholds for criminal punishments of those who steal IP.
More details to follow in the upcoming commentary.
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