India-US Trade Deal Boosts Markets: GIFT Nifty Surges, Tariffs Reduced

• Indian stock markets are expected to open 3% higher today following the announcement of an India-US trade deal.
• US President Donald Trump announced a trade deal with India, reducing reciprocal tariffs from 25% to 18%.
• India also agreed to stop buying Russian oil and increase purchases from the US and potentially Venezuela.
• PM Modi committed to buying over $500 billion worth of US energy, technology, agricultural, and other products.
• The deal is seen as a significant positive for Indian equities, removing uncertainty and boosting export-oriented sectors.

Why It Matters: A new India-US trade deal, reducing tariffs and shifting oil purchases, is set to significantly boost Indian markets.