On Friday Two Largest Economies Brought The Bulls Back Into Actions, Pushing Stocks Higher Globally
Just one telephone call between the leaders of the world’s two largest economies brought the bulls back into actions, pushing stocks higher globally on Friday. India was no exception.
A sharp rally in the rupee amid a drop in crude oil prices further supported the domestic equity market. Sensex advanced 579.68 points, or 1.68 per cent, to 35,011, while NSE’s Nifty gained 172 points, or 1.66 per cent, to 10,553.
Reports said US President Donald Trump and Chinese President Xi Jinping, who spoke by telephone on Thursday, expressed optimism about resolving their trade dispute ahead of a high-stakes meeting at the end of November in Argentina.