In the fortnight ended April 15, 2019, major global markets gained under the influence of U.S.-China trade talk developments.

International Market

U.S. markets got support from upbeat economic data. The U.S. Federal Reserve (Fed) taking cognizance of the economic situation and hinting that it may not raise interest rates in 2019 relaxed investors.

European markets gained as worries over slowing global economic growth eased when U.S. reported upbeat jobs data but Brexit kept investors on the toes.

Asian markets went in line with U.S. and Europe and gained in the period. Gains were largely led by optimism about U.S.-China trade talks.

Indian Market

Indian equity markets ended in the green, bolstered by positive global cues, hopes that the Monetary Policy Committee (MPC) will cut rates in its upcoming policy review meetings.

The banking sector declined in the period on MPC’s neutral stance, while the consumer sector gained as investors expect demand to pick up with public spending in rural areas and improvement in the economy.

The domestic oil & gas sector witnessed pressure during the period. Investors are speculating that a late surge in global oil prices is expected to substantially increase India's oil import bill.

The Indian rupee fell against the U.S. dollar after the Monetary Policy Committee (MPC) maintained its neutral stance.

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