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India’s stock indices climb for sixth day on U.S. trade-deal hopes
Indian stocks rose for a sixth day, driven by optimism around a potential U.
India’s benchmark indices extended gains for a sixth straight session as investor sentiment picked up on reports of ongoing trade negotiations with the U.S. that could reduce Indian tariffs to 15-16% from current levels near 50%. IT stocks led the rally given anticipated benefits from relaxed H-1B visa norms, though major cap names such as Reliance Industries trimmed some upside. Broader sectors remained mixed amid oil-price concerns and global uncertainty. Market watchers say sustained momentum will depend on concretely-signed trade agreements and sustained inflows.