Nifty, Sensex track broader Asia higher as Trump signals trade deal with China [Reuters]
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Source: Reuters
Nifty, Sensex track broader Asia higher as Trump signals trade deal with China - Reuters 2 Min Read BENGALURU (Reuters) - Indian shares moved higher on Thursday, in line with gains in broader Asia, as investors cheered U.S. President Donald Trump hinting at a possible Sino-U.S. trade deal. The broader NSE Nifty was up 0.96% at 11,550.85 as of 0409 GMT, while the benchmark BSE Sensex rose 0.91% to 38,945.23. 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. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13%. “After correcting, markets have rebounded aided by the positive global cues,” said Deepak Jasani, head of retail research at HDFC Securities. “However, markets may consolidate, rather than pick a trend in either direction for the next couple of sessions.” Auto stocks led gains on the NSE Nifty, with the sector’s subindex rising
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