New Delhi: With India and the United States finalising a trade agreement, the Indian Stock Market witnessed a massive rally. The BSE Sensex and NSE Nifty
soared as President Donald Trump on Monday announced that his government will lower the reciprocal tariff on Indian products to 18 per cent from current 25 per cent. Trump made the announcement after a phone conversation with Prime Minister Narendra Modi.
Following the big announcement, the shares of domestic companies engaged in wheat and rice business witnessed a superb rally. Some stocks rose by as much as 13 per cent. Investors seem to be the India-US trade deal will greatly benefit India’s agricultural and food exports.
India’s rice exporters welcome tariff cut
India’s rice exporters on Tuesday welcomed Washington’s decision to reduce tariffs to 18 per cent from 25 per cent , saying the cut would boost competitiveness and demand in key markets as the country heads toward record production.
The Indian Rice Exporters Federation (IREF) welcomed the US-India trade deal and the tariff cut. Notably, the tax cuts are very important as India is anticipating record production of 149 million tonnes in the 2025-26 crop year (July-June) with strong availability and resilient domestic fundamentals.
“Indian agri products continue to hold an indispensable position in global supply chains, and recent shipment patterns suggest clear demand resilience even under sharply higher duties,” the federation said in a statement.
Stocks in News
AWL Agri Business
AWL Agri Business shares recorded a jump of about 1.21 per cent at the time of writing this article. On the BSE, the share reached Rs 214.65 and on the NSE Rs 214.80.
GRM Overseas
GRM Overseas shares recorded a rise of more than 2.40 per cent and traded at Rs Rs 166.80 on the BSE. Investors showed interest in this stock on expectations of increased rice exports to the US.
Kaveri Seed
Kaveri Seed Company’s shares jumped 2.7% and the stock share was seen trading at Rs 949 on the BSE and Rs 950 on the NSE intraday.
KRBL
The shares of basmati rice maker KRBL went up by about 3.5% to 3.8%. The share reached Rs 355.35 on the BSE and Rs 355.60 on the NSE.
LT Foods
LT Foods stock skyrocketed about 14%. At the time of writing this article, the share traded at Rs 410.65 on the BSE and Rs 411 on the NSE.
Notably, India exported 1,99,0558 tonnes of basmati rice and 40,960 tonnes of non-basmati rice to the US during April-November of the current 2025-26 fiscal year.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver, crypto assets and commodities like Copper, aluminium.)
