What is the story about?
Indian equity markets opened with a bang on Tuesday after the US-India trade deal was announced, along with a sharp cut in reciprocal US tariffs on Indian goods to 18 per cent from 50 per cent earlier.
At the opening bell, the BSE Sensex surged over 4 per cent to cross 85,300, while the NSE Nifty jumped more than 1,000 points — its biggest-ever single-day opening gain — to move past 26,300. The rally was broad-based, with Nifty Bank climbing above 61,400 and the Midcap index scaling the 60,000 mark.
US President Donald Trump said on late Monday the revised tariff structure is “effective immediately.” He also indicated that India has agreed to lower tariff and non-tariff barriers for US goods and increase purchases across energy, technology and agriculture.
Export-oriented sectors such as IT, pharma and auto stocks led the surge, as investors bet on improved market access and stronger earnings visibility. The sweeping gains signal renewed risk appetite and optimism over a reset in India-US trade ties.
At the opening bell, the BSE Sensex surged over 4 per cent to cross 85,300, while the NSE Nifty jumped more than 1,000 points — its biggest-ever single-day opening gain — to move past 26,300. The rally was broad-based, with Nifty Bank climbing above 61,400 and the Midcap index scaling the 60,000 mark.
US President Donald Trump said on late Monday the revised tariff structure is “effective immediately.” He also indicated that India has agreed to lower tariff and non-tariff barriers for US goods and increase purchases across energy, technology and agriculture.
Export-oriented sectors such as IT, pharma and auto stocks led the surge, as investors bet on improved market access and stronger earnings visibility. The sweeping gains signal renewed risk appetite and optimism over a reset in India-US trade ties.
