Markets cheer as Trump-Modi trade talk optimism boosts sentiment
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Positive signals are emerging from the ongoing trade discussions between the US and India, with both US President Donald Trump and Prime Minister Narendra Modi highlighting progress. The latest comments have bolstered hopes that a deal could be finalized by November, and development investors appear to be factoring into markets. Market expert Chakri Lokapriya, in an interview with ET Now, welcomed the development, saying: “It is good to note that Trump and Modi want to be friends again, and that is indeed very good news for the market because all sectors—whether IT, pharma, or auto ancillaries—would benefit. In addition, the overall environment, with the positive US talks plus GST cuts, will lead to earnings upgrades. Therefore, it is clearly a strong fundamental footing for India.” Export sectors in focus With global cues improving, experts believe export-oriented sectors will be the first to gain. “This is clearly a positive catalyst. F...