Sensex jumps 100 points, Nifty above 24,550 amid US-China trade talk optimism; auto stocks rise
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Benchmark equity indices, Sensex and Nifty, traded higher on Wednesday, tracking positive cues from global peers, as optimism over a potential breakthrough in US-China trade talks lifted market sentiment. The 30-share BSE Sensex rose 186 points, or 0.23%, to 80,876, while the Nifty50 gained 58 points, or 0.23%, to trade at 24,592 around 9:19 am. Other Asian markets opened higher on Wednesday, with the MSCI Asia ex-Japan index rising 0.9%, tracking overnight gains on Wall Street. U.S. equities advanced after the White House indicated that President Donald Trump is likely to meet Chinese President Xi Jinping this week to push forward trade negotiations. The Trump administration has asked countries to submit their best offers for trade talks by Wednesday, aiming to fast-track discussions with multiple partners ahead of a self-imposed deadline in five weeks, according to Reuters. Live Events On the Sensex, Bharti Airtel, Tech Mahindra, IndusI...