Sensex, Nifty to React to Trump's 'Good Deal with India' Remark

Market
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CNBC TV18•21-01-2026, 21:32
Sensex, Nifty to React to Trump's 'Good Deal with India' Remark
- •Indian equity markets are expected to react to US President Donald Trump's statement regarding a 'good deal' with India.
- •Trump praised PM Modi at the World Economic Forum in Davos, confirming a forthcoming trade deal without specifying a timeline.
- •Uncertainty over the India-US trade deal is a key factor in recent Indian stock market sell-offs, alongside geopolitical tensions and foreign institutional selling.
- •Trump's remarks highlight export-oriented sectors like Textiles, Shrimp feed, and Pharma, which heavily rely on the US market.
- •Textile companies like Gokaldas Exports and Welspun Living derive 50-70% of revenue from the US, facing significant tariff impact.
Why It Matters: Trump's 'good deal' remark could influence Indian markets, especially export-focused sectors, amid trade uncertainties.
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