INDIA STOCKS-Indian benchmark indexes may open higher on hopes of a US trade deal
May 2 (Reuters) - India's equity benchmarks are set to open higher on Friday, with sentiment getting a boost after U.S. President Donald Trump said that he has a "potential" trade deal with New Delhi.
Gift Nifty futures GIFc1 were trading at 24,434.5 as of 8:01 a.m. IST, indicating the Nifty 50 .NSEI will open above Wednesday's close of 24,334.2. Indian markets were closed on Thursday.
Other Asian markets were higher, while U.S. equities rose overnight, as solid earnings from big tech overpowered data showing contraction in the U.S. economy. MKTS/GLOB
Trump said on Wednesday that he has "potential" trade deals with India, South Korea and Japan, aiding risk sentiment. U.S. Secretary of State Marco Rubio said that China wants to start trade negotiations with the U.S.
Expectations of a bilateral trade agreement between the U.S. and India and concerns over the U.S. economy have triggered a shift of funds from the U.S. to emerging markets such as India.
Foreign institutional investors have bought Indian shares for 11 straight sessions, the longest streak of inflows in two years. These investors turned net buyers of Indian equities in April, snapping a three-month selling streak.
"Trump administration has softened its stance on tariffs a bit, while expressing willingness to negotiate with China, improving overall risk sentiment," said Abhishek Goenka, founder and chief executive of India Forex Asset Management.
India's benchmark indexes have gained about 1.3% each this week, and are on course for the longest weekly winning streak in 2025.
Among individual stocks, Adani Enterprises ADEL.NS will be in focus after it reported a drop in fourth-quarter profit on coal trading weakness.
Adani Ports and Special Economic Zone APSE.NS could rise after the country's top private port operator said it saw higher revenue growth in fiscal year 2026, after reporting a better-than-expected quarterly profit.
Related Articles
Two Key Things to Watch in Walmart’s Q2 Earnings: Tariff Pressure and E-Commerce Momentum
TradingKey - U.S. retailer Walmart (WMT) will release its Q2 2026 fiscal earnings before the market opens on August 21. As a key barometer of the U.S. economy and consumer health, Walmart’s results will reveal how tariffs are impacting consumer behavior and corporate profits. Another focus is
BHP’s 2025 Playbook: Turning Profit Dips into Strategic Wins
TradingKey - On August 18, 2025, BHP Group announced its full-year results for the 2025 fiscal year. Despite an 8% year-on-year revenue decline to $51.3 billion and a 26% significant drop in underlying attributable profit, which reflects core business performance, to $10.2 billion
U.S. Stock Market Risk Assessment: Learning from History, Mid-Term Outlook Remains Secure
We argue that the Federal Reserve’s monetary policy is the most critical factor influencing the stock market.
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
