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DMS-1171 | Stock Market News | #dailymoneyshow
Original: DMS- 1171 Stock Market News #dailymoneyshow
Takeaway
India-US trade deal at ASEAN summit could tariff-reduce from 50% to 15% and ignite Indian markets after a year of underperformance.
Summary
- GIFT Nifty trading 300 points positive after Trump-Modi Diwali call; per Mint, India-US trade deal may be announced at ASEAN summit, reducing tariffs from 50% to 15%.
- Deal expected to include India cutting Russian crude imports and increasing US non-GMO corn and soy meal imports for ethanol, poultry feed, dairy inputs; dairy products still unclear.
- Government GST cuts plus Diwali season pushed Rs 6.05 lakh crore consumption; H1B visa $1,00,000 fee applies only to fresh applicants, not existing holders — relief.
- Money Purse warned channel has NO paid groups — anyone asking money in their name is a scammer.
trade dealtariffsDiwali
Original description
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