India-US Trade Deal Boosts Markets: Infosys, Wipro ADRs Soar, GIFT Nifty Jumps 700 Pts
Business
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Moneycontrol•03-02-2026, 00:44
India-US Trade Deal Boosts Markets: Infosys, Wipro ADRs Soar, GIFT Nifty Jumps 700 Pts
- •India and the US finalized a trade deal, leading to a strong gap-up opening for Indian benchmark indices Sensex and Nifty.
- •US will reduce reciprocal tariffs on Indian goods to 18%, while India commits to lowering tariffs and non-tariff barriers to zero for US products.
- •ADRs of Infosys and Wipro surged by 4% and 6.5% respectively, with ICICI Bank and HDFC Bank also seeing significant gains.
- •Prime Minister Modi and President Trump highlighted the deal's benefits for both economies and strengthened bilateral ties.
- •Stocks in focus include shrimp exporters (Avanti Feeds, Apex Frozen Foods), textile companies (Gokaldas Exports), IT firms, and auto manufacturers.
Why It Matters: The India-US trade deal is set to significantly boost Indian markets and key sectors like IT, textiles, and exports.
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