Adani Power, Adani Green, Adani Ports, To AEL: Adani Stocks Rally As India-US Reach Trade Deal

India-US Trade Deal Impact: Shares of Adani Group companies, including Adani Power, Adani Green Energy, Adani Energy Solutions, and Adani Ports and Special Economic Zone (APSEZ), surged sharply on Tuesday, February 3. The rally reflected a broader improvement in investor sentiment across the market following the announcement of the India-US trade deal.

Adani Power shares were trading 6.35% higher, Adani Energy Solutions shares were trading 7% higher, Adani Green Energy shares were up around 10.46%, and Adani Ports and Special Economic Zone shares were rallying close to around 7.35% higher.

India-US Trade Deal

India and the United States, on Monday, concluded the India-US trade deal, which will lead to a reduction in export tariffs from 25% to 18%.

"Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world's largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation," read a social media post by Prime Minister Narendra Modi.

The India-US trade deal was finalised on the condition that India will stop buying oil from Russia. India's discontinuation of buying oil from Russia would help in "END THE WAR in Ukraine", as per Trump's post on Truth Social.

The announcement on India-US trade deal came hours after PM Modi and US President Trump held talk over a phone call. The Ministry of External Affairs (MEA) is yet to release a statement regarding the India-US trade deal.

"This India-US trade step reads as a pragmatic exchange rather than a headline-grabbing pact. India agrees to trim select trade barriers and boost purchases of US crude-moves aimed at securing energy, calming inflation, and supporting manufacturing. In return, the United States will lower reciprocal tariffs to about 18%, easing export costs for Indian firms. The plan's strength is its mutuality: India protects domestic priorities through targeted concessions, while the US opens market access that fuels growth and jobs," stated Akshat Garg, Head - Research & Product of Choice Wealth.

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