INDIA STOCKS-India's equity benchmarks inch higher at the open after Trump comment on trade deal
July 2 (Reuters) - India's equity benchmarks opened marginally higher on Wednesday following U.S. President Donald Trump's remark that the world's largest economy could reach a trade deal with India.
U.S. Treasury Secretary Scott Bessent has indicated that both nations are nearing an agreement that would help India avoid sharp tariff increases. The comments raise expectations of an agreement ahead of Trump's July 9 tariff deadline.
The Nifty 50 .NSEI rose 0.18% to 25,588.3 points and the BSE Sensex .BSESN added 0.11% to 83,790.72 as of 9:15 a.m. IST.
Eleven of the 13 major sectors logged gains. The broader, more domestically focussed small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.25% and 0.1%, respectively.
Investors await the trading debut of HDB Financial HDBF.NS, after its record $1.5 billion IPO — the biggest ever by an Indian non-banking financial company — drew overwhelming demand with bids totaling $19 billion on Friday.
The firm is a unit of India's largest private lender HDFC Bank HDBK.NS.
Related Articles
Tesla Steps Up China Market Promotions; Can EV Business Bottom Out and Rebound?
TradingKey - On February 26 local time, Tesla (TSLA) China announced that for orders placed by March 31, select models will be eligible for 7-year ultra-low interest and 5-year zero-interest financing plans, as well as insurance subsidies.
Has Beating Expectations Become the Norm? Nvidia Delivers Strong Q4 Results Again, but Market Remains Cautious?
TradingKey - Nvidia (NVDA) reported fourth-quarter results on Wednesday that beat expectations across the board, with its core data center business revenue surging 75% year-over-year to become the primary growth engine.
Nvidia Q4 Earnings: Market Fears Competition, but NVDA Moat is Beyond CUDA
All eyes are on Nvidia this week, as the company reports its 2026Q4 earnings.
Nvidia Q4 Earnings Preview: AI-Driven Growth Versus Market Expectations
TradingKey - NVIDIA (NVDA) is set to release its fourth quarter fiscal year 2026 earnings report after the market close on February 25, ET. As the world undergoes a period of rapid AI technological advancement, market debates over a capital expenditure bubble have intensified. In this context, NVIDIA’s results serve not only as a test of its business performance but also as a core bellwether for the sustainability of the global AI boom.
