India-US Trade Deal Boosts Markets: GIFT Nifty Surges, Tariffs Reduced
Business
M
Moneycontrol•03-02-2026, 06:52
India-US Trade Deal Boosts Markets: GIFT Nifty Surges, Tariffs Reduced
- •Indian stock markets are expected to open 3% higher today following the announcement of an India-US trade deal.
- •US President Donald Trump announced a trade deal with India, reducing reciprocal tariffs from 25% to 18%.
- •India also agreed to stop buying Russian oil and increase purchases from the US and potentially Venezuela.
- •PM Modi committed to buying over $500 billion worth of US energy, technology, agricultural, and other products.
- •The deal is seen as a significant positive for Indian equities, removing uncertainty and boosting export-oriented sectors.
Why It Matters: A new India-US trade deal, reducing tariffs and shifting oil purchases, is set to significantly boost Indian markets.
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