Reliance and Adani Group stocks surged after the India-US trade deal slashed tariffs and opened access to Venezuelan crude, triggering a massive short-covering rally. Adani Group firms emerged as the top gainers, while Reliance stands to benefit from heavier crude imports. Analysts say improved trade clarity could revive FPI flows and strengthen market sentiment.
Jefferies revamped its India model portfolio after the India-US trade deal, boosting metals, adding Eternal, and trimming IT, while flagging auto ancillaries, chemicals, textiles, renewables and Adani Group firms as key beneficiaries of lower US tariffs.
The Union Budget 2026 brings new tax rules for investors and businesses. Accident compensation interest is now tax-free. Retail investors will see simpler Form 15G/15H filings. Small businesses get an extended tax deadline. Dividend income deductions are withdrawn. Sovereign Gold Bond tax benefits are restricted. Share buybacks are now taxed as capital gains, benefiting individual investors.
Adani Ports Q3 results: Adani Ports reported a strong Q3 with a 21% YoY rise in net profit to Rs 3,054 crore and 22% revenue growth. EBITDA jumped 20% as the company raised its FY26 guidance. Logistics, marine services and international ports delivered robust gains, while cargo volumes and container market share remained healthy.
The Indian stock market surged, nearing all-time highs following the announcement of a significant India-US trade deal. This agreement, which includes tariff reductions on Indian imports, is expected to boost exports, accelerate corporate earnings, and strengthen the rupee, signaling the start of a potential economic boom.
European shares hit a record high on Tuesday, as a global rout in commodity markets appeared to stabilize, while the focus shifted to corporate earnings from the likes of Amundi and Siltronic.
Veteran investor Ashish Kacholia sees India’s smallcap bear market ending after the India-US trade deal. Following tariff cuts and clarity on trade ties, Indian equities, the rupee, and bonds rallied sharply, with the Nifty surging up to 5%, highlighting renewed investor confidence and potential inflows into smallcap and midcap stocks.
Reliance Industries’ shares rose after a new India‑US trade deal cut tariffs to 18% and opened the possibility of Venezuelan crude resuming to India. Reliance’s heavy crude processing capacity positions it as a key beneficiary amid shifting global oil sourcing.
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