India and EU Finalize Trade Deal Eliminating Tariffs on 90% of Goods
India and the European Union have finalized a trade deal eliminating tariffs on 90% of Indian goods, boosting Indian equity markets amid easing global trade tensions.
Insights:
India and the European Union
EUhave successfully completed a landmark trade agreement that eliminates tariffs on 90% of Indian goods. This move is expected to significantly boost Indian equity markets and support broader regional sentiment as global trade tensions ease.
Following the announcement of the trade deal, the Nifty 50 index rose by 0.5% on Tuesday. Moreover, Gift Nifty futures were trading at 25,441.5 as of 7:56 a.m. IST on January 28, 2026, surpassing Tuesday's Nifty 50 close of 25,175.4. The MSCI Asia Pacific ex-Japan index also saw a 0.9% increase ahead of the U.S. Federal Reserve's policy decision.




