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Indian equities snap 7-day losing streak; Sensex surges 1,017 points

The 30-stock S&P BSE Sensex surged 1,016.96 points or 1.80 per cent to 57,426.92 points against its previous day's close at 56,409.96 points. The Sensex started the day in the red at 56,240.15 points and slumped to a low of 56,147.23 points in the early morning trade.

ADB: China’s economy to stay resilient

There is a combination of issues that many countries in developing Asia are facing but we do see the Chinese government responding quite strongly to some of these headwinds through a combination of fiscal and monetary policy measures," said Safdar Parvez, advisor at the East Asia Department of the ADB, during a virtual media briefing.

Global phone sales decline again, Apple garners max profits

Global handset market sales declined for a second consecutive quarter this year, falling 2 per cent (year-on-year) and 15 per cent (on-quarter) to $95.8 billion in the June quarter, while handset revenues as well as profits were largely driven by Apple.