Hopes of a trade deal with the US sent domestic stock indices Nifty and Sensex surging on Thursday, even as most Asian markets were trading in the red. Analysts said the market mood remains buoyant as the US reportedly plans to slash tariffs on Indian imports to just 15–16 per cent, which Prashanth Tapse of Mehta Securities said, is a game-changing move that could supercharge India’s trade competitiveness and exports. Advertisement

"With global sentiment turning supportive, Nifty’s record high of 26,277.35 appears well within reach, and a surge towards the 27,000 mark over the next year looks likely. The rally, initially fuelled by the RBI’s dovish stance, is broadening out — signalling that happy days are here again. Pharma stocks, particularly Sun Pharma and Laurus Labs, are set to shi

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