Global stock markets advanced amid signs of easing trade tensions between the United States and China, bolstered by strong economic data. Wall Street recorded its second consecutive week of gains driven by optimism over potential US-China trade talks. Indian markets also saw robust growth, with the Sensex rising over 900 points to above 81,000 and the Nifty 50 surpassing 24,550. This marked the third consecutive week of gains for both benchmarks, the longest streak since December 2024. Reliance Industries led the rally in India, surging 10% and contributing to the gains in the oil and gas sector. The realty sector was another top performer during the week. Asian markets followed Wall Street's lead, with the Nikkei rising 1.1%, although the Shanghai index declined by 0.32%. Overall, the positive global sentiment was underpinned by hopes of a reduction in trade tensions and strong economic indicators.