Jewellery stocks including Titan, Kalyan Jewellers to Senco Gold rose up to 5% in intra-day deals on Tuesday, February 5 after India-US finally announced the trade deal.
After prolonged negotiations, U.S. President Donald Trump confirmed that reciprocal tariffs on Indian goods would be reduced to 18%, a steep cut from the earlier 50%.
US President Donald Trump confirmed the development, saying, “We agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and non-tariff barriers against the United States to ZERO,” signalling swift implementation and mutual market access.
