New Delhi, Jan. 27 -- In a historic development, India and the European Union (EU) today signed a free trade agreement (FTA) in New Delhi. Indian Prime Minister Narendra Modi, EU Commission President Ursula von der Leyen, and Antonio Costa. This India-EU free trade deal is expected to eliminate $2 billion in tariffs for both sides in one year. The second- and fourth-largest economies in the world have also agreed to enhance their defence partnership, following nearly two decades of intermittent negotiations.

According to stock market experts, India's export-oriented companies in the textile, gems and jewellery, auto, pharma, IT, and defence sectors are expected to benefit most from this India-EU FTA. They listed out 40 stocks to buy toda...