India-US trade deal, Feb. 12 -- Even as the Indian stock market slipped over 0.6% on Thursday, a handful of stocks bucked the broader weakness, rallying as much as 19%. The common thread among the top five gainers - Ratnamani Metals, Avanti Feeds, Sterlite Technologies, Sharda Cropchem and Sky Gold & Diamonds - is their exposure to the US market and potential gains from the recently signed India-US trade deal.
Trading volumes in most of these counters were significantly higher than their recent averages, indicating strong investor interest.
Last week, India and the US reached an interim trade agreement under which the US will reduce tariffs on select Indian goods to 18% from 50%, according to a joint statement issued by the White House....
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