India-US Trade Deal: SRF, Navin Fluorine, Neogen Chemicals shares in the spotlight

Shares of companies with major exposure to the US market such as SRF, Navin Fluorine, Acutaas, Neogen Chemicals and Vinati Organics are expected to be in focus on Tuesday, January 3, after the US cut tariffs on Indian exports to 18% from 50%.

The tariff reduction comes as a relief for exporters that had been grappling with prolonged uncertainty.

In an interaction with CNBC-TV18 in November 2025, SRF had said that higher tariffs had created uncertainty in the system and had hit the company hard, with exports to the US impacted over the preceding three months.

Neogen Chemicals had earlier said that some battery chemicals were kept out of the scope of US tariffs, offering partial insulation to its portfolio despite broader trade headwinds.

Separately, developments on the energy front are also in focus after former US President Donald Trump said that India would not buy Russian crude oil and would instead source oil from the US and possibly Venezuela.

Russian crude imports have been largely nil since November.

HPCL had earlier clarified that it does not buy crude from sanctioned Russian entities, while purchases from other sources remain an economic decision.

The company evaluates over 100 crude varieties each year and has said that adequate crude availability exists in the global market. HPCL also recently purchased crude from the US.

Reliance Industries, which in the past sourced around 20% of its daily crude requirement from Venezuela's PDVSA, could potentially tie up supplies at a $5 to $8 per barrel discount to Brent, which would support gross refining margins.

Meanwhile, ONGC could receive around $500 million in unpaid dividends from its San Cristobal field.