GIFT Nifty Soars 800+ Points on India-US Trade Deal: What's Next for Markets?
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CNBC Awaaz•02-02-2026, 23:29
GIFT Nifty Soars 800+ Points on India-US Trade Deal: What's Next for Markets?
- •GIFT Nifty surged over 800 points following the announcement of an India-US trade deal, signaling a strong opening for Indian markets.
- •The trade agreement includes a reduction in reciprocal tariffs on India from 25% to 18%.
- •US President Donald Trump stated India will purchase over $500 billion in American energy, technology, agriculture, and other products.
- •Market experts anticipate a sharp recovery, especially in export-oriented sectors, due to the positive sentiment from the deal.
- •Export-oriented stocks, particularly in textiles (Gokaldas Exports, Pearl Global, KPR Mill, Welspun Living) and shrimp exporters, are expected to be in focus.
Why It Matters: India-US trade deal boosts GIFT Nifty by 800+ points, setting stage for strong market rally.
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