India-US trade deal, Feb. 3 -- GNA Axles, Delta Autocorp, Sterling Tools, Tube Investments of India, and Sibar Auto Parts were among the auto ancillary stocks trading with strong gains in Tuesday's trade, February 3, after the US announced a much-awaited trade deal.

US President Donald Trump on Monday announced a reduction in reciprocal tariffs on Indian goods to 18% from 25% after holding a conversation with Prime Minister Narendra Modi. The US president is also reportedly removing an additional punitive 25% duty that was applied in response to India's purchases of crude oil from Russia, removing a major overhang on the Indian stock market that had weighed on investor sentiment for several months.

The 18% tariff puts India at a competi...