Sensex and Nifty post best one-day gains in nine months
after close1 source ↓written by the desknot a recommendation
- Indian imports
- 25% to 18%
- due to penalties
- 50%
Indian equity benchmarks surged on Tuesday, with the Nifty 50 rising 5% intraday, following a US-India trade deal that reduced reciprocal tariffs on Indian imports from 25% to 18%. This change, effective immediately, is expected to boost market sentiment and attract foreign investments. The previous total tariff rate had been as high as 50% due to penalties on Russian oil purchases.
Not investment advice. For informational purposes only.