Latest Bernstien News & Updates

Global and Indian Brokerages Positive on India–US Trade Deal Impact

By

Mumbai, Feb 3 (IANS) Global and Indian brokerages on Tuesday largely welcomed the India–US trade deal, calling it a major positive for India’s economy, corporate earnings and foreign investment sentiment. The strong endorsement from financial experts was reflected in the stock markets, with the Sensex soaring over 4,200 points during intraday trade to touch a record high of 85,871.73.Brokerages believe the reduction in reciprocal tariffs on Indian exports to the US will ease pressure on Indi…