Investors disappointed as Trump-Xi deal lacks surprises

Equities fell sharply on Friday as investors booked profits amid mixed corporate earnings, high volatility and cautious global sentiment.

- FPJ News Service

The 30-share BSE Sensex lost 465.75 points to close at 83,938.71. The 50-share NSE Nifty lost 155.75 points to 25,722.10. “The much-publicized Trump-Xi deal made no big surprises as expected. However, stock markets, across the world have been cutting steadily through rough waters. The current phase is short-term in character. The domestic macroeconomic fundamentals have proven to be more resilient, and the IMF and the RBI have revised their growth forecasts for the current year upwards from 6.4% and 6.5% to 6.6% and 6.8%