Trump warns if China takes retaliatory action against US farmers or industries, it will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.

The Redmi 6, Redmi 6A and Redmi 6 Pro were launched in China in June earlier this year. With the Redmi 5 and Redmi 5A already being bestsellers in the Indian markets, the anticipation associated with the upcoming Redmi smartphones is high.

The Sensex touched an all-time high of 38,736 with 29 of the 30 components trading in the green. The Nifty was just short of hitting the key 11,700 level after reaching a record high of 11,695 in trade today.

While the Sensex hit an all-time high of 38,610 rising 358 points from its previous close of 38,251, Nifty gained 101 pts to record 11,659 level intra day. Meanwhile, the rupee gained in the opening trade. The currency opened higher by 15 paise at 69.76 per dollar versus close of 69.91 on Friday.

Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.

The Hong Kong-based newspaper, South China Morning Post, reports that most of the demand is coming from participants in the 'Belt and Road Initiative' and countries like India.

Imran Khan's priority will be to get the economy back on track.

The rupee continued to muscle up against the US currency for the second straight week as it extended gains after overcoming initial volatility amid a ratcheting up of global trade war rhetoric.

So far, Xiaomi has refrained from taking part in the feature-phone boom triggered after the launch of JioPhone last year. However, it seems the Chinese company has some smart plans for the feature phone market.

Banking rally was led by Bank of Baroda whose stock hit a fresh 17 week high level of 151.90 after the public sector lender reported a more than two-fold rise in Q1 net profit to Rs 528.26 crore.

Forex sentiment witnessed a revival of enthusiasm as currency traders took comfort in the encouraging meeting outcome after US President Donald Trump obtained concessions from the European Union to avert a transatlantic trade war.

There are already fears of trade wars escalating to currency wars among countries.

Besides, persistent buying by domestic institutional investors (DIIs) too influenced sentiment. The 30-share index, which had lost 168.73 points in the previous two sessions, was trading higher by 158.11 points, or 0.43 per cent, at 36,509.34.

The Indian currency plunged 7 paise in trade today compared to yesterday's record low close of 69.05 against the US currency. The currency opened at 69.01 level today

The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors.

Xiaomi CEO Lei Jun had shared glimpses of the retail box for the Mi Max 3 ten days ago. The specifications of the device have already been uncovered after it was listed on Chinese certification site TENAA.

The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.

The jump in Indian market was recorded after gold prices rose to a two-week high in global markets rebounding from a seven-month low touched in the previous session.

U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world's two biggest economies took a high-stakes turn towards all-out trade conflict.

Traders say sentiment bolstered at home after gold prices rose to a one-week high in global markets, rebounding from a seven-month lowin the previous session.