India ADRs gain after Trump announces trade deal with India

Feb 2 (Reuters) - U.S.-listed shares of Indian companies gain after President Donald Trump says U.S. and India have agreed to a trade deal

Tariffs on Indian goods lowered to 18% from 50%, and in return for India lowering trade barriers, stopping purchase of Russian oil in lieu of oil from the U.S. or potentially Venezuela

IT firms Infosys INFY.NS and Wipro WIPR.NS rise 3.4% and 6.8%, respectively

Private banks ICICI Bank ICBK.NS and HDFC Bank add 4.4% and 3.8%, respectively

iShares MSCI India ETF INDA.Z and iShares MSCI India Small-Cap ETF SMIN.Z up around 3% each, Franklin FTSE India ETF FLIN.P gains 2%, Invesco India ETF PIN.P adds 3%

Generic drugmaker Dr Reddy's Laboratories REDY.NS up marginally