From the Sensex pack, HCL Tech, Infosys, Tata Consultancy Services, Hindustan Unilever, Sun Pharma and Titan were among the biggest gainers. In contrast, Tata Motors Passenger Vehicles, Maruti, Adani Ports and Bajaj Finance were among the laggards.
India has said it will take all steps to protect its national interests and ensure comprehensive national security in all domains after Pakistan and Saudi Arabia signed a strategic defence pact.
'When AI comes in, coders in Bangalore or Hyderabad will lose their jobs.'
So far this year, the rupee has fallen by 4.2 per cent, the worst among its Asian peers.
White House Press Secretary Karoline Leavitt said that Trump feels "very positive and strongly" about the future of India-US relationship.
Israeli Prime Minister Benjamin Netanyahu says the foundation of India-US relationship is "very solid" and both sides should find common ground to resolve the tariff issue. He also highlighted the strong defense cooperation between India and Israel.
'When our soldiers trained side by side, we demonstrated to the world that our partnership is strong, enduring and prepared to meet any challenge.'
The Centre is regularly holding consultations with stakeholders to streamline foreign direct investments (FDIs) and foreign institutional investments (FIIs) related processes to enable faster and more efficient investment flows into the country, said Commerce and Industry Minister Piyush Goyal, adding one such meeting with stakeholders was held on Tuesday.
In a first, Indian oil public sector undertakings (PSUs) finalised a one-year contract to import around 2.2 million tonnes (mt) of liquefied petroleum gas (LPG) from the US. The LPG import deal comes at a time when negotiations for an India-US bilateral trade agreement (BTA) are gathering steam. Earlier in the month, US President Donald Trump had said Washington and New Delhi were "pretty close" to reaching a fair trade deal.
Domestic PMI data, US Federal Reserve meeting minutes and the progress on India-US trade deal negotiations are likely to influence movement in the equity market in the week ahead, according to analysts. Moreover, the trading activity of foreign investors would also influence the equity market trends.
In an event-heavy week, stock investors will track ongoing quarterly earnings, the US Federal Reserve's interest rate decision, and macroeconomic data for market direction, analysts said. Moreover, progress in India-US trade negotiations will remain a key focus for investors, an expert said.
'Trade deal will act as a strong trigger for market sentiment, not just for domestic investors but also for FIIs.'
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.
Apple's iPhone Pro Max 17 in cosmic orange has witnessed a considerable surge in demand, and it has gone out of stock within three days after pre-booking went live for pick up of the devices at the company's official stores in the US and India, as per information shared by company staff.
From the Sensex firms, Adani Ports, NTPC, Power Grid, HCL Tech, Tata Steel, Sun Pharma, Trent and Asian Paints were among the major gainers. However, Bharat Electronics, Eternal, Mahindra & Mahindra and Maruti were among the laggards.
From the Sensex firms, Infosys climbed 3.86 per cent. HCL Tech, Tata Consultancy Services, Axis Bank, Kotak Mahindra Bank, Titan and Tech Mahindra were also among the gainers. However, Eternal, UltraTech Cement, Bharti Airtel and Adani Ports were among the laggards.
The US sees an opportunity to expand its strategic relationship with Pakistan but assures that it will not come at the expense of its ties with India, according to US Secretary of State Marco Rubio.
'India's farmers will be unable to compete with the US, given the subsidies that the latter provides its farmers.'
Prime Minister Narendra Modi on Saturday met United States Ambassador-designate to India Sergio Gor and said he was confident that India-US ties will further strengthen during his tenure.
A US lawmaker and former officials warn that President Trump's policies are damaging the strategic partnership between the United States and India, potentially driving India closer to China and Russia.
Indian authorities have requested additional information from the United States based on the interrogation of Tahawwur Rana, an accused in the 2008 Mumbai terror attacks. The request was made through the Mutual Legal Assistance Treaty (MLAT).
US Ambassador-designate Sergio Gor emphasizes the importance of the India-US relationship after meeting with Prime Minister Narendra Modi, focusing on cooperation in defence, trade, and critical minerals.
'The US values its relationship with India and under the strong leadership of President Donald J Trump and Prime Minister Modi, I am optimistic about the days ahead for both of our nations.'
India is seeking either an exemption or a longer timeline on the pharmaceutical tariffs, expected to kick in by July 31.
India and the US have collaborated through the past one month on launching a powerful satellite; are commencing joint production of GE Aerospace's F414 jet engines in India; India is participating in a massive three week-long military exercise in the Western Pacific, observes Ambassador M K Bhadrakumar.
The US State Department has expressed concerns over India's trade imbalance with Washington and its purchase of Russian oil, emphasizing that President Trump has been clear with New Delhi on these issues.
Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.
The Indian Army is equipping its infantry battalions with drone platoons and raising elite commando units as part of a modernization drive to enhance combat capabilities along the northern and western frontiers. The Army is also procuring new carbines and upgrading its arsenal with advanced weaponry.
India and the US on Wednesday marked their maiden space collaboration with the successful flight of a GSLV rocket that placed an earth observation satellite, jointly developed by the two space agencies, in a precise orbit.
According to the Justice Department, Tellis, 64, the Tata Chair for Strategic Affairs and a senior fellow at the Carnegie Endowment think-tank, served as an unpaid senior adviser to the State Department and was also a contractor with the Office of Net Assessment at the Department of Defense.
While both sides have announced the decision to restart talks for a trade deal, government officials said discussions are continuing virtually.
Gor, 38, was among 107 nominees confirmed by the Senate in a single en bloc vote on Tuesday, with 51 senators voting in favour and 47 against.
Hectic parleys are underway between officials of India and the US in Washington on the proposed interim trade agreement between the two countries, an official said on Wednesday.
"Just had a wonderful phone call with my friend, Prime Minister Narendra Modi. I wished him a very Happy Birthday! He is doing a tremendous job. Narendra: Thank you for your support on ending the War between Russia and Ukraine! President DJT," Trump posted on Truth Social, signing off with his initials to underline the personal tone of the message.
Among Sensex firms, Bharat Electronics rose the most by 4.26 per cent. HCL Tech gained 2.57 per cent, Bajaj Finance by 2.19 per cent, TCS by 1.99 per cent, Tech Mahindra by 1.88 per cent and Infosys by 1.85 per cent. Gains in Axis Bank and State Bank of India also supported the rally. However, Mahindra & Mahindra emerged as the biggest loser, falling by 2.47 per cent. Maruti dropped 1.53 per cent and Tata Motors by nearly 1 per cent due to profit-taking. UltraTech, Eternal and Power Grid were also among the laggards.
High US tariffs are expected to affect close to 8 per cent of India's overall auto component production, ratings firm Icra said on Wednesday. Indian auto component exporters are at a relative disadvantage compared to most other Asian exporting nations, highlighting the importance of concluding an India-US bilateral trade agreement, it added.
With the India-US trade talks moving in the right direction, Commerce and Industry Minister Piyush Goyal is expected to visit Washington soon, sources said.
India-US relations, like Rome, were not built in a day, nor can they be demolished in a day.
All said and done, when the new global order emerges, India can only remain with the democracies, asserts Ambassador T P Sreenivasan.
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