India ADRs gain after Trump announces trade deal with India

ICICI Bank

02/02/2026 18:39

Feb 2 (Reuters) - ** U.S.-listed shares of Indian companies gain after President Donald Trump says U.S. and India have agreed to a trade deal

** Tariffs on Indian goods lowered to 18% from 50%, and in return for India lowering trade barriers, stopping purchase of Russian oil in lieu of oil from the U.S. or potentially Venezuela

** IT firms Infosys INFY.NS and Wipro WIPR.NS rise 3.4% and 6.8%, respectively

** Private banks ICICI Bank ICBK.NS and HDFC Bank add 4.4% and 3.8%, respectively

** iShares MSCI India ETF INDA.Z and iShares MSCI India Small-Cap ETF SMIN.Z up around 3% each, Franklin FTSE India ETF FLIN.P gains 2%, Invesco India ETF PIN.P adds 3%

** Generic drugmaker Dr Reddy's Laboratories REDY.NS up marginally

(Reporting by Twesha Dikshit in Bengaluru)

((Twesha.Dikshit@thomsonreuters.com))