Stock market outlook: Good news for India, crude and dollar weak
The US has made a positive move to move away from the trade war scenario to a friendlier direction and opened up the possibility of talks. VK Sharma, Head Private Client Group & Capital Market Strategy at HDFC Securities reacting to the moves said, "While China will accept the U.S. offer for negotiations but don’t expect Beijing to make any significant concessions. With poll numbers sagging, we believe Trump may settle for face saving concessions."
Indian stock markets opened on a very positive note a day after they were closed for Ganesh Chaturthi, rising as much as 300 points. Image source: IANS