The Japanese leader planned to hold separate meetings with U.S. President Joe Biden and British Prime Minister Rishi Sunak later in the day, before the wider summit kicks off May 19.
The leaders hope the meeting in the resort of Carbis Bay will also energize the global economy. On Friday, they are set to formally embrace a global minimum tax of at least 15 percent on corporations, following an agreement reached a week ago by their finance ministers. The minimum is meant to stop companies from using tax havens and other tools to avoid taxes.
Lalit Thakkar, managing director, Angel Broking said the market is unlikely to go below the levels of 5000-4950. "The G-7 nations are going to be together to see that there is no turmoil in the economies," added Thakkar.