Stock markets bounce back in early trade amid rally in global peers, buying in blue-chips
Mumbai (PTI): Benchmark indices Sensex and Nifty rebounded in early trade on Thursday, tracking a rally in global markets and buying in blue-chip stocks.
The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15.
From the Sensex firms, Asian Paints jumped over 4.50 per cent.
Mahindra & Mahindra, Reliance Industries, State Bank of India, Adani Ports, Trent and Larsen & Toubro were also among the gainers.
However, Power Grid, Eternal, Bajaj Finance and HDFC Bank were among the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index traded in the positive territory.
US markets ended higher on Wednesday.
Meanwhile, Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement.
Stock markets were closed on Wednesday for Guru Nanak Jayanti.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,067.01 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,202.90 crore, according to exchange data.
On Tuesday, the Sensex dropped 519.34 points or 0.62 per cent to settle at 83,459.15. The Nifty declined 165.70 points or 0.64 per cent to 25,597.65.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Xi, Trump reach series of new common understandings: China's foreign ministry
Beijing (PTI): Chinese President Xi Jinping and his US counterpart Donald Trump had an in-depth exchange of views on major issues concerning the two countries and the world, and reached a series of new common understandings, a Chinese foreign ministry spokesperson said Friday.
Xi and Trump, who is on a three-day visit to China, met twice on Thursday and discussed a range of bilateral and global issues.
Trump is due to leave on Friday after a luncheon meeting with Xi.
Summing up the outcomes of Trump’s visit to Beijing, a Chinese Foreign Ministry spokesperson said the two presidents had an in-depth exchange of views on major issues concerning the two countries and the world and reached a series of new common understandings.
They agreed on a new vision of building a constructive China-US relationship of strategic stability to provide strategic guidance for bilateral relations over the next three years and beyond.
The two presidents also agreed to promote the steady, sound and sustainable development of China-US relations, and bring more peace, prosperity and progress to the world, said a statement by the ministry’s spokesperson.
Trump visited China at the invitation of Xi.
The two presidents are meeting in person again for the first time since their Busan meeting last October, and it is the first visit to China by a US president in nine years, the statement said.
On Thursday, President Xi held a welcome ceremony and a banquet for Trump, held talks and visited the Temple of Heaven with him.
VIDEO | Beijing: On second day of bilateral talks, US President Donald Trump (@POTUS) thanks Chinese President Xi Jinping for 'incredible' China trip.
— Press Trust of India (@PTI_News) May 15, 2026
Trump says, "Thank you very much. This has been an incredible visit. I think a lot of good has come of it. We've made some… pic.twitter.com/7A7lbEzLdC
