Analysts at Bernstein expect the nifty 50 index to reach 28,100 levels by the year-end, an upside of around 8 per cent from the current levels
The India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem, Ashok Chandak, President of SEMI India and IESA said on Tuesday, adding it will accelerate semiconductor design and manufacturing, bolster value addition, and expand cooperation across AI and data centres space. The comment from the industry assumes significance as the US and India have reached a trade deal following months of negotiations. Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, President Trump said in a social media post on Monday after a phone conversation with Prime Minister Narendra Modi. The prime minister said he was delighted that "Made in India products will now have a reduced tariff of 18 per cent". IESA's (India Electronics and Semiconductor Association) Chandak said, the India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem. By improvi
Finance Minister Nirmala Sitharaman on Tuesday welcomed the reduction in United States' tariffs on Indian goods, describing the development as a major boost for the 'Made in India' initiative. Taking to social media platform X, the finance minister said that Indian products would now face a reduced reciprocal tariff of 18 per cent. "Good news for #MadeInIndia products. They will now face reduced tariff of 18%. Thanking the leadership of PM @narendramodi and @POTUS for this development. People of our two large democracies stand to benefit," she said in a post on X. The breakthrough follows a high-level telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump. In a reciprocal move, India has committed to reducing trade barriers for American goods and significantly increasing imports across sectors, including energy, technology, and agriculture. Following the trade agreement announcement, Prime Minister Narendra Modi said he was delighted that "Made
The announcement came after a phone call between Prime Minister Narendra Modi and Trump
Avanti Feeds hit a fresh life-time high at ₹960, while Apex Frozen Foods quoted at its highest level since September 2022 after the US President partly rolled back reciprocal tariffs on Indian imports
At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49
India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors
Compared to China, India now enjoys significantly lower tariffs, with tariffs levied on Beijing at 34 per cent
Commerce and Industry Minister Piyush Goyal on Tuesday said the India-US trade agreement will open up huge opportunities for domestic farmers, MSMEs, entrepreneurs, and skilled workers and promote Make in India initiative. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Goyal said it will help India get technology from the US. "This agreement unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers to Make in India for the world, Design in India for the world, and Innovate in India for the world," Goyal said in a post on social media. He added that the development reflects the power of two like-minded, fair-trading democracies working together for shared prosperity. "Both India and US are natural allies and our partnership will co-create
Trade deal's finalisation comes just a day after Budget, which offered fresh support for exporters and sectors including rare earths, reinforcing early signs of improving investor confidence
After the US imposed 50 per cent tariffs, Prime Minister Narendra Modi said India would "never compromise" on the interests of farmers, livestock rearers and fishermen
Union Minister Ashwini Vaishnaw on Monday said the India-US trade agreement is a win-win deal which will benefit citizens and industries of both countries. Vaishnaw's remarks came soon after US President Donald Trump spoke to Prime Minister Narendra Modi and announced that India and the US have agreed on a trade deal. Under the agreed deal, Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. Trump said India will move forward to reduce "tariffs and non-tariff barriers" against the US to zero, adding New Delhi would buy American goods, including energy, worth more than USD 500 billion. In a post on X, Vaishnaw, the Union minister for information and broadcasting, said, "Trade deal between the US and India will lead to a brighter future for both countries." "India-US trade deal is a win-win deal. Citizens and industries of both countries will benefit greatly from this deal," he said. Terming the US and India as the world's ..
Sector-wise, Financials, information technology (IT), and Telecom, they said, are the ways to participate in the market rebound
The India-US trade deal slashing tariffs to 18 per cent is seen triggering a risk-on rally, attracting FII inflows, stabilising the rupee, and boosting export-led sectors, say analysts.
Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.