The Indian market is set for a positive start on Friday as Asian shares fared better on hopes of a halt in the China-US trade conflicts, giving investors some relief.At 07.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.41 percent to 10,665.50, indicating a positive opening for the Indian market.Here is what you need to know before the market opens:Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was ahead 0.26 percent in early trade, while Japan's Nikkei added 0.2 percent.Wall Street: The Dow Jones Industrial Average rose 208.77 points, or 0.83 percent, to 25,289.27 and the Nasdaq Composite added 122.64 points, or 1.72 percent, to 7,259.03. The benchmark S&P 500 index gained 28.62 points, or 1.06 percent, to 2,730.2, snapping five days of losses.Crude Oil Prices: Oil prices regained a little composure after their recent drubbing, helped by a decline in US fuel stockpiles and the possibility of a cut in OPEC output. US crude was trading up 3 cents at $56.49. Brent crude was yet to trade but had ended Thursday up 58 cents at $66.70 a barrel.Market At Close On Thursday: Indian equity market closed higher on Thursday, led largely by financials and auto stocks. The gains in banking heavyweights pushed the Nifty Bank 225 points to 26,155, while the benchmark Nifty spurted 40 points to 10,617. The Sensex too saw a gain of 119 points to end the day’s trade at 35,260.Rupee: The rupee closed at 72.11, up 20 paise against the dollar from its previous close on Thursday.Dollar: The plunge in sterling lifted the dollar against a basket of currencies to 97.066, even as the euro firmed a touch to $1.1328. The pound suffered its worst one-day loss against the euro since October 2016 and was last at 88.68 pence. Against the dollar, it was huddled at $1.2765 after shedding 1.6 percent overnight.FII & DII data: Foreign institutional investors (FIIs) bought shares worth Rs 2,043 crore, while domestic institutional investors (DIIs) sold shares worth Rs 165 crore in the Indian equity market on November 15.Trade Deficit: India's exports rose by 17.86 percent to $26.98 billion in October mainly due to the low base effect even as trade deficit widened to $17.13 billion, according to the commerce ministry data. The exports on monthly basis were down compared to $27.95 billion in September. Imports during October also rose by 17.62 percent to $44.11 billion, leading to widening of trade deficit to $17.13 billion.Fitch Ratings on India: Fitch Ratings, one of the three internationally recognised statistical rating organisations, has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. "India's ratings balance a strong medium-term growth outlook and favourable external balances relative to peers with weak fiscal finances, a fragile financial sector and some lagging structural factors," the agency said in a statement.RBI Vs Govt: The government and the Reserve Bank of India are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to unnerve investors. The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.(With inputs from agencies)Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.