Indian shares closed higher on Friday, extending gains from the previous session on optimism for an India-U.S. trade deal after U.S. Trade Representative Jamieson Greer said that the U.S. has received the "best ever" offer from India.
As trade talks continue, Prime Minister Narendra Modi said that he had a "very warm and engaging" phone call with U.S. President Donald Trump.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.