Exclusive Market Bytes for Press Trust of India
"Market expert Puratan Bharti has criticized US President Donald Trump's decision to impose an additional 25% tariff on Indian goods, raising the total duty to 50%. Reacting to the move, Bharti pointed out the hypocrisy, stating that America itself continues to import critical minerals from Russia while penalizing India for buying oil. His remarks highlight growing concerns over the double standards in US foreign and trade policy".
"Market sentiment has turned upbeat following developments around the India–US trade deal, according to Pune-based market expert Puratan Bharti. He said the Trump administration, after a call with Prime Minister Narendra Modi, reduced tariff rates from 50% to 18%, a sharp 32% cut, and investors are now factoring in the possibility of further easing. Bharti noted that while the final contours of the agreement are still awaited, the deal could open multiple sectors to preferential treatment, which markets are already pricing in. The optimism was visible in early gains across indices at the Bombay Stock Exchange and the National Stock Exchange of India, with broad-based buying interest".
Link 1 : https://x.com/PTI_News/status/1953111344858972291