Renewable Energy, Chemical Stocks Soar on India-US Trade Deal

• Shares of renewable energy and chemical manufacturers surged up to 14% following the India-US trade deal announcement.
• The US reduced tariffs on Indian goods from 25% to 18%, eliminating additional punitive levies, particularly benefiting the solar sector.
• Waaree Energies, Premier Energies, Saatvik Green Energy, Adani Green Energy, and Vikram Solar saw significant gains.
• Aarti Industries led chemical manufacturers with a 13.9% jump, alongside Gujarat Fluorochemicals and Navin Fluorine International.
• The tariff reduction is expected to create a level playing field for India against competitors like China and other Asian nations.

Why It Matters: India-US trade deal slashes tariffs, boosting renewable energy and chemical sector stocks significantly.