India-US trade deal, Feb. 3 -- The Indian stock market welcomed the much-awaited India-US trade deal on Tuesday, February 3, as investors are viewing the much-awaited trade agreement not only as a meaningful catalyst for equities and export-oriented sectors, but also as a potential trigger for reviving foreign investor inflows.
Foreign institutional investors (FIIs) have relentlessly sold Indian stocks over the last few months, keeping the upside in check.
"The trade deal is structurally positive for India's medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manufacturing investment, and strengthen inflows of foreign direct investment (FDI)," said Axis Securities....
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