India-US trade deal, July 24 -- The Indian stock market is navigating rough terrain, in contrast to Western markets, particularly the US, which is hitting record highs as progress on trade deals with major partners has eased earlier investor concerns about rising inflation and its potential spillover effects on the world's largest economy.

As the US signed trade deals with major economies, with the latest being Japan and the Philippines after inking deals with Indonesia and Vietnam, which are key economies in the Asia region, the discussion with India is still ongoing. Despite multiple rounds of negotiations, an official announcement continues to be delayed.

Earlier, the potential deal was expected to be announced before July 09, after ...