On July 4, 2025, Indian equity markets closed positively, fueled by value buying in IT and banking stocks amid optimism surrounding an interim India-US trade deal. The benchmark BSE Sensex gained 193.42 points (0.23%) to close at 83,432.89, while the NSE Nifty rose 55.70 points (0.22%) to settle at 25,461. (Source: Reuters, Financial Times)
The positive trend was driven by expectations of an interim trade agreement between the United States and India. U.S. President Donald Trump indicated a deal is near, potentially lowering tariffs on American exports. Ongoing talks in Washington focus on areas like auto components and agricultural products. (Source: Reuters, Financial Times)
India is seeking full exemption from a 26% reciprocal tariff imposed by the U.S. on April 2, which was suspended for 90 days until July 9. India has also increased its oil imports from the U.S. by nearly 120% to balance trade ahead of potential tariffs. The interim trade deal is expected to be finalized before July 9. (Source: Reuters, Financial Times)
The trade deal is anticipated to have significant implications for sectors including agriculture, automotive, and technology. Investors are closely monitoring developments. (Source: Reuters, Financial Times)