Summary

India’s Nifty 50 stock index closed 2.5% higher following the announcement of a U.S.-India trade deal that reduced U.S. tariffs on Indian exports. The deal, which includes a reduction in reciprocal tariffs from 25% to 18%, is expected to positively impact India’s economy and boost investor sentiment. The rupee strengthened 1% following the announcement.

https://www.cnbc.com/2026/02/03/india-nifty-50-soars-india-us-trade-deal-trum-modi.html