By Admin 
Best Stocks After India US Deal: After the announcement of India-US trade deal, there was a tremendous rise in the stock market on Tuesday. Major benchmark index Sensex jumped by more than 4,200 points. At the same time, Nifty jumped by about 5 percent and reached its lifetime high of 26,373.
According to experts, auto sector subsidiaries, solar energy, chemical and textile companies are expected to benefit the most. Let us know about this…
Brokerage firm Nuvama said this
After the India-US trade deal, new opportunities seem to be opening up for some sectors. Brokerage firm Nuvama believes that labour-intensive industries like textiles and gems and jewelery will benefit the most from this agreement. These are the same sectors that were most impacted by Trump’s 50 percent tariff. Whereas sectors like pharma and electronics were largely exempted from tariffs at that time.
According to Nuwama, this deal will not only boost exports but will also create new employment opportunities in the country. Along with this, there is a possibility of better liquidity in the domestic market and economic activities gaining momentum.
These stocks may see a rise
After the India-US trade deal, the brokerage house has changed its investment strategy. Jefferies has included Eternal, the favorite stock of FIIs, in its model portfolio. Along with this, investment in the metal sector has been increased. At the same time, the share in the IT sector has been reduced. Special attention has also been given to companies which have strong business in America.
This includes auto component companies like Sona Comps and Bharat Forge, chemical companies like Naveen, PI Industries and SRF, solar energy companies like Vaari, Premier Energies and MMV, as well as textile companies like Welspun Living.
Apart from this, the firm has kept Dr. Reddy’s Laboratories, Lupine, Aurobindo Pharma, Aarti Industries, Pitti Engineering, Kirloskar Brothers, Welspun Living, Sansera Engineering, Steel Strip Wheels, Infosys, HCL Tech and LTI Mindtree in the list of top positive stocks.
These shares did not get place
At the same time, Axis Securities has excluded the shares from its portfolio. They include Sun Pharma, Divis Lab, KPR Mills, Gokaldas Exports, Indo Count Industries, UPL, Bharat Forge, Samvardhan Motherson, Dixon Technologies and Sona BLW.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: US tariff on India now reduced from 50% to 18%, know how much tariff will affect Pakistan and China