Trump's statement came ahead of his meeting with his Chinese counterpart Xi Jinping in Argentina later this month, and in the backdrop of the trade war which began after the US imposed additional tariffs on billions of dollars of Chinese exports.

Sneha Seth, Analyst, Derivative Research, takes viewers through all the market action today. The Sensex on Friday continued its rising streak for the second day to end at near a four-week high of 35,436.33, fuelled by gains in Reliance Industries, Bharti Airtel and other bluechips amid continued foreign fund inflows and strengthening rupee. A higher opening in European shares too influenced sentiments here.

FIIs have been on a withdrawing spree in September and October on the back of US providing more attractive options for investing. In September, they pulled out Rs 21,035 crore from the Indian capital market.

Prime Minister Narendra Modi may have shown commitment to quickly conclude the discussion around Regional Comprehensive Economic Partnership, or RCEP, but this partnership agreement can derail his yet to take off Make in India programme.

Oil prices posted the deepest plunge in more than three years in the international market. Brent crude, used to price international oils, dropped to $65.17 a barrel. Oil has now fallen roughly 30 percent for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries, with expectations for increased supply from the US and OPEC.

Other paint stocks too gained in early trade. While Berger Paints gained 5.30% to 325 level, Shalimar Paints rose 2.56% to 88.20. Kansai Nerolac Paints too rallied 4.85% to 421.25 level on the BSE. Crude oil is a key raw material in the production of paints.

Brent crude, used to price international oils, dropped 30 percent to $65.17 a barrel. Oil has now fallen for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries, with expectations for increased supply from the US and OPEC.

However, most Asian markets ended lower after a rout in tech stocks, tracking a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid China-US trade war worries.

Alibaba also broke its previous record of $25.01 billion just a few hours into the sales and ended up 27 per cent higher than the last year's tally.