Indian shares rose sharply on Thursday, with sentiment supported by positive global cues as oil prices steadied near $105 a barrel and American networking giant Cisco delivered stronger-than-expected quarterly revenue and profit.
Investors also awaited the outcome of U.S. President Donald Trump's summit with Chinese President Xi Jinping in Beijing.
Trump's three-day state visit to China focusses on trade, tariffs, artificial intelligence, Iran war, Taiwan, rare earths, and supply chains.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.