Historic Rally in Indian Equity Markets Following US-India Trade Deal

The Indian stock market witnessed a record-breaking surge on Tuesday, fueled by the announcement of a pivotal US-India trade deal. The agreement led to immense optimism across sectors, with major indices seeing significant gains and predictions of continued market momentum in the wake of reduced tariffs and improved global sentiments.

The Indian stock markets saw an unprecedented surge on Tuesday, following the announcement of a landmark trade deal between the US and India. The benchmark indices, including the Nifty 50 and BSE Sensex, soared to record highs thanks to the positive global implications of the agreement.

Key market players hailed the deal as a transformative moment for the Indian economy. VK Vijayakumar from Geojit Investments emphasized the benefits, predicting a rise in India's growth rate and a sharp strengthening of the rupee driven by increased exports to the US and a revival in corporate earnings.

The rally was widespread, with notable gains across various sectors including IT, pharmaceuticals, and auto. The reduction in reciprocal tariffs on Indian goods has uplifted global risk sentiment, bolstering investor confidence despite recent market volatility induced by domestic fiscal policies.

(With inputs from agencies.)