New Delhi: Shares of the Adani Group surged today after the announcement of a long-awaited trade deal between India and the United States. Global brokerage firm Jefferies noted that the deal could significantly benefit companies under India’s third-largest industrial conglomerate.
Adani Green shares jumped up to 13%, while flagship Adani Enterprises saw a 10% rise. Stocks of Adani Energy Solutions, Adani Ports, and Adani Total Gas gained between 6% and 8%.
Impact of the Trade Deal
Under the deal, U.S. tariffs on Indian goods have been reduced from 50% to 18%. Jefferies believes that this tariff cut will provide maximum benefit to the Adani Group’s companies. Domestic brokerage Antique Securities also listed Adani Power and Adani Ports among the top beneficiaries of the India-US trade agreement.
Foreign investors have sold around $34 billion worth of Indian equities over the past 16 months, making this deal a potential catalyst for renewed inflows.
Which Sectors Will Benefit?
According to Jefferies analyst Mahesh Nandurkar, investor concerns about the trade deal are now largely resolved. The United States is India’s largest export market, and the agreement is expected to benefit sectors such as real estate, telecom, transportation, financial services, and healthcare. In addition, capital goods, IT services, and power utilities are also likely to gain from the improved trade terms.
The trade deal has injected fresh optimism into the stock market, with Adani Group shares leading the rally.
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