Indian benchmarks rise on trade optimism

India's benchmark Nifty 50 .NSEI and Sensex .BSESN rise 0.4% each after U.S.-China trade framework, progress in India-U.S. trade talks

Other Asian markets advance, with MSCI Asia ex-Japan .MIAPJ0000PUS adding 0.6%

Back home, 11 of 13 major sectors rise; broader smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 trade flat

"Progress in U.S.-China trade negotiations has lifted markets, building on the upbeat mood from RBI's policy support on Friday," says Saurabh Jain, assistant vice president of research of retail equities at SMC Global

U.S. President Donald Trump and Chinese President Xi Jinping will review framework deal after negotiations in London

Indian government sources say New Delhi and Washington made progress on trade talks, focusing on goods, tariffs, and non-tariff barriers

Heavyweight Reliance Industries RELI.NS jumps 2%, leading gains on benchmarks

Liquor makers, including Radico Khaitan RADC.NS and United Spirits UNSP.NS, lose 2%-8% after Maharashtra state hikes excise duty on Indian Made Foreign Liquor