Wall Street indices are at record highs. The market is reacting positively to strong earnings reports and anticipated trade agreements. A US-European Union trade deal is expected. Spartan Capital Securities’ Peter Cardillo believes the rally has legs. He suggests the India-UK FTA could set a 15% tariff norm. Cardillo is optimistic about India reaching a trade deal soon.
KSB shares rally 7% after securing Rs 118 crore export order for boiler feed pumps
KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.