India’s rupee and equity markets experienced significant surges following a US-India trade deal that reduced tariffs. The Nifty and Sensex saw substantial intraday gains, while the rupee appreciated, though the central bank intervened to moderate its rise. This agreement is expected to boost foreign investment and improve India’s growth outlook.
Market rout: 7 of top-10 valued firms see Rs 1.25 lakh crore erosion
The stock continued to remain the most valued listed company in the country despite the decline.