India-US Trade Deal Fuels Stock Market Surge: Sensex, Nifty Soar Over 3%
Business
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News18•03-02-2026, 09:55
India-US Trade Deal Fuels Stock Market Surge: Sensex, Nifty Soar Over 3%
- •Indian stock markets witnessed a significant rally with Sensex and Nifty surging over 3% following the announcement of a new India-US trade agreement.
- •US President Donald Trump confirmed the reduction of tariff rates on Indian exports from 50% to 18%, boosting market sentiment.
- •The rupee appreciated by over 1% against the US dollar, marking its biggest rise since November 2022.
- •All 16 major sectoral indices, including small-cap and mid-cap, opened in the green, with Nifty Realty surging over 4%.
- •Despite the market rally, India VIX increased by over 7%, indicating potential future volatility.
Why It Matters: A new India-US trade deal, reducing tariffs on Indian exports, propelled a major rally in Indian stock markets.
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