Times India

• India will launch its first-ever Index of Services Production (ISP) in July to accurately measure the output of the country's critical services sector. • The new index is designed to track short-term shifts in services production, complementing the existing Index of Industrial Production (IIP). • This initiative matters because it fills a significant data gap in India's economic dashboard, providing a more comprehensive pulse of the overall economy.

• Asian markets traded higher on Friday, led by Japan's Nikkei 225 which surged more than 2 per cent and Taiwan's market which climbed nearly 1.5 per cent. • The rally was driven by improved investor sentiment following hopes of a diplomatic breakthrough in peace talks between the US and Iran. • Despite the gains, markets remain cautious due to rising oil prices and instability in the Strait of Hormuz, which continue to fuel inflation worries.

• GIFT Nifty indicates a positive start for the BSE Sensex and Nifty50 as they enter the final trading session of the week this Friday. • The market is currently navigating volatility driven by high crude oil prices and geopolitical uncertainty surrounding the US-Iran conflict. • Market analysts emphasize that the indices must sustain positions above key resistance levels to confirm a broader, stronger recovery trend.