Indian shares are seen opening higher on Friday after major U.S. indexes hit record closing highs overnight on the back of positive economic indicators and encouraging corporate earnings.
Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker, boosted its full-year revenue growth projections and Netflix reported earnings ahead of Wall Street consensus estimate, helping investors shrug off uncertainty over U.S. tariffs. Closer home, negotiations between India and the U.S. are underway to iron out pending issues for a trade deal, the Ministry of External Affairs (MEA) said, a day after U.S. President Donald Trump said that Washington is "very close" to the trade pact with India.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.