NASDAQ:BBY News 24 December 2025

February 2, 2026, 10:40 PM EST. Indian equity benchmarks are poised to open sharply higher, nearing record highs after the India-U.S. trade deal. The agreement reduces U.S. tariffs on Indian goods to 18% from 50%, in exchange for India's commitment to halt Russian oil purchases and lower trade barriers. This deal alleviates a major geopolitical risk and is expected to reverse foreign portfolio investor outflows, which have totaled $23 billion since early 2025. Key sectors like textiles, seafood, gems, and jewellery stand to benefit significantly. The Nifty 50 index futures indicate a 4.5% rise, potentially surpassing January's record high of 26,373.20. Analysts emphasize the deal's positive impact on investor sentiment and the Indian rupee, marking a boost after India's relative market underperformance.