Sensex Today | Stock Market LIVE: Overhang on the INR is likely to reduce says, Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital

Sensex Today | Stock Market LIVE: Overhang on the INR is likely to reduce says, Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital

Sensex Today | Stock Market LIVE: Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital – said “The US-India trade deal is likely to boost US-India trade significantly. More important it is about the sentiment turning positive, both for domestic investors as well as FIIs. The overhang on the INR is also likely to reduce reversing INR to below 90 on a sustained basis. Most important, the markets which were struggling to get a direction are probably at an inflection point with the bear market probably ending.

Of course, the details are not out yet, but one can get a decent anticipatory understanding if one parses Trump’s tweet, the budget provisions, the India-EU FTA and the India-New Zealand FTA. This will clarify what is allowed and what is not part of the deal. Oil, Gas, Clean Tech, Nuclear, Rare earth, data centers, AI etc. are likely the areas of focus.”