India-US trade deal, Feb. 3 -- After months of uncertainty, the trade deal has finally lifted. Along anticipated lines, the deal has been received with much cheer by the Indian stock market as benchmark indices, Sensex and Nifty, recorded a 3% rally on Tuesday.

On Monday evening, US President Donald Trump slashed tariffs from 25% to 18%. Media reports suggest that 25% additional tariff imposed for the purchase of Russian crude oil has also been removed, taking away a major overhang for the stock market investors.

While the India-US trade deal is seen providing an impetus to the export-oriented sectors, analysts see multiple positives accruing for the market, including the reversal of relentless foreign portfolio investor (FPIs) outflows...