Indian shares rose on Thursday as US President Donald Trump signalled a possible deal that could end the 15-month long trade war, cheering investors and whetting their risk appetite.
The broader NSE index ended 1.15% higher at 11,571.20, while the benchmark BSE index closed up 1.03% at 38,989.74.
Trump said on Wednesday a deal to end the trade war could happen sooner than people think and that the Chinese were making big agricultural purchases from the United States, including beef and pork.
Metals and auto stocks led gains on the domestic indexes. The Nifty metals subindex was up 4.16% and the auto index closed 2.53% higher.
Mining conglomerate Vedanta Ltd ended up 6.34% to top the NSE blue-chip gainers list.
Among losers, Yes Bank dropped 4.93%.
Trump said on Wednesday a deal to end a nearly 15-month trade war with China "could happen sooner" than people think, which would remove a huge shadow over the global economic outlook.
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