Latest news with #IndiaUSTradeDeal
Times of Oman
5 days ago
- Business
- Times of Oman
Indian stocks remain in green for second day; Sensex up 443 points
New Delhi: Indian stock indices remained in the green for the second straight day on continued hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated. Firm US stock indices also lent support to Indian stock benchmarks. Today, Sensex closed at 81,442.04 per cent, up 443.79 points or 0.55 per cent, while Nifty closed at 24,750.90 points, up 130.70 points or 0.53 per cent. Nifty IT, Nifty metal, and Nifty pharma were the top movers among the sectoral indices. Among losers were Nifty Media, Nifty PSU Bank, and Nifty Private Bank. Global gold prices were also in the green on Thursday. At the time of filing this report, per ounce gold was quoted at USD 3,416, up 0.5 per cent. Going ahead, investors now await further updates on India-US trade deal negotiations and the RBI monetary policy outcome on Friday. "Overall, the index traded in a volatile range as participants remained cautious ahead of the RBI's monetary policy decision scheduled for tomorrow," said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity - Ashika Stock Broking, part of Ashika Group. "Easing US Treasury yields and a weakening US dollar provided some support to Indian equities, although global sentiment remains cautious amid persistent US-China trade tensions," Kewat added. Another good news for the financial markets is that foreign portfolio investors (FPIs) have turned net sellers in Indian stock markets for the second straight month in May. FPIs had fuelled the latest bull run in the stock market after a sharp slump. "Buy on dips continues to be the ideal strategy now. Rate sensitives will be preferred in view of the expected rate cut by the MPC on 8th June," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Indian stock markets outperformed global markets over the past few weeks, as volatility continued to reign in global markets over possible forthcoming US reciprocal tariffs. A comfortable inflation number in India also somewhat supported the domestic equity indices. In 2024, Sensex and Nifty accumulated a growth of about 9-10 per cent each. In 2023, Sensex and Nifty gained 16-17 per cent, on a cumulative basis. In 2022, they gained a mere 3 per cent each.
Time of India
22-04-2025
- Business
- Time of India
US, India Set Trade Goal, Strengthen Ties on Defence, Energy and Innovation: JD Vance
US Vice President JD Vance highlighted the immense potential of the India-US partnership, emphasizing that both nations have much to gain by working together. Speaking at an event in Jaipur during his India visit, Vance underlined the Trump administration's vision for deeper cooperation with India across various sectors. He stated that President Trump is committed to fostering growth not just for America, but for India as well, aiming to build a strong, prosperous future with trusted partners. Vance reiterated that collaboration between the two countries could unlock new opportunities in trade, security, technology, and energy, benefiting both economies and strengthening their strategic ties.#TOIBharat #TradeDeal #USTariff #IndiaUS #IndiaUSTradeDeal #IndoUS #IndiaUSRelation #JDVance #VanceIndiaVisit #NarendraModi #DonaldTrump
