Indian Markets Poised for Rally as Modi-Trump Talks Ease Trade Tensions

Indian stock markets are set for a strong opening on Friday, with GIFT Nifty futures trading 90 points higher at 23,197. The positive sentiment stems from Prime Minister Modi's successful negotiations with President Trump, agreeing to double bilateral trade to $500 billion by 2030. Trump's announcement that reciprocal tariffs may only start in April 2025 has further boosted investor confidence. Additionally, the US has committed to increasing military sales to India by "many billions of dollars," including potential F-35 fighter jet deals. Despite lingering concerns over high Indian tariffs, the markets are expected to react positively to these developments.

 

Sources: Business Standard, Financial Express, NDTV Profit