US-China trade deal hopes propel markets, Sensex reclaims 41,000-mark

Barring one, all the 19 sector sub-indices compiled by the BSE gained

The benchmark indices rose on Friday, along with other global markets, as investor appetite received a boost on news that the US and China were closing in on a limited trade deal, including a reduction in the existing tariffs. 

Most European indices gained amid the UK election results, which showed Prime Minister Boris Johnson cruising towards a majority, stoking hopes that the outcome would put an end to the Brexit saga. The Conservatives romped home, winning 365 seats in the 650-seat House of Commons.

The Sensex gained 428 points, or 1.05 per cent, to end at 41,010, the highest close in two