India-U.S. trade talks – Artifex.News https://artifex.news Stay Connected. Stay Informed. Wed, 24 Jun 2026 12:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png India-U.S. trade talks – Artifex.News https://artifex.news 32 32 Markets rebound on softening crude oil prices; Sensex jumps 790 points https://artifex.news/article71141683-ece/ Wed, 24 Jun 2026 12:43:00 +0000 https://artifex.news/article71141683-ece/ Read More “Markets rebound on softening crude oil prices; Sensex jumps 790 points” »

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Benchmark equity indices Sensex and Nifty rebounded sharply by around 1% on Wednesday (June 24, 2026), propelled by softening crude oil prices and hectic buying in bank, financial and IT shares.

Besides, growing expectations of an India-U.S. trade deal and foreign funds turning net buyers in the domestic market supported the firm trend in equities, traders said.

The 30-share BSE Sensex jumped 790.54 points, or 1.04%, to settle at 76,991.22. During the day, it surged 989.69 points, or 1.29%, to 77,190.37.

A total of 2,215 stocks advanced, while 2,034 declined and 181 remained unchanged on the BSE.

The 50-share NSE Nifty climbed 197.55 points, or 0.83%, to end at 24,021.65.

“Domestic equities ended higher, supported by positive Asian cues and a sharp drop in crude prices following improved traffic at the Strait of Hormuz, alongside growing expectations of an imminent India-U.S. trade deal,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

From the Sensex pack, InterGlobe Aviation, Trent, Tech Mahindra, Bajaj Finance, ICICI Bank, Infosys, HDFC Bank and Tata Consultancy Services were among the major winners.

In contrast, NTPC, Tata Steel, Maruti and Bharat Electronics were among the laggards.

The BSE SmallCap Select index edged higher by 0.44%, and the MidCap Select index went up by 0.32%.

Sectorally, the BSE Private Banks index climbed 2.21%, Realty (2.17%), Services (2.14%), IT (1.81%), Bankex (1.78%), Focused IT (1.68%) and MidSmall Private Banks Quality Tilt (1.64%).

Industrials, Telecommunication, Utilities (0.79%), and Power were among the laggards.

“The surge came on the back of falling prices of crude oil amidst relief about the situation between the USA and Iran, as well as the possibility of uninterrupted energy flow through the Strait of Hormuz. Favourable international factors, foreign institutional investors’ purchases, strength in bank stocks, and IT companies were other positive factors for the market,” Vikram Kasat, Head Advisory, PL Capital, said.

Brent crude, the global oil benchmark, dropped 1.69% to $75.78 per barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹17.86 crore on Tuesday (June 23, 2026), according to exchange data.

A senior U.S. official has said that the United States and India are “very, very close” to concluding a historic bilateral trade deal that will open the 1.4 billion-strong Indian market to American goods on reciprocal and mutually beneficial terms.

“Indian equity markets rebounded sharply from the previous session’s sell-off, led by strong gains in banking stocks and a recovery in the IT sector. Sentiment improved as easing geopolitical tensions in the Middle East, and a further decline in crude oil prices helped restore risk appetite and support broader market participation,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.

In Asian markets, South Korea’s Kospi climbed over 3% after a steep decline in the previous trading session. Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also settled higher, while Japan’s Nikkei 225 index ended lower.

Markets in Europe were trading on a mixed note.

U.S. markets ended sharply lower on Tuesday (June 23, 2026). The Nasdaq Composite tumbled 2.21%, and the S&P 500 dropped 1.44%.

On Tuesday (June 23, 2026), the Sensex tanked 893.39 points, or 1.16%, to settle at 76,200.68. The Nifty dropped 278.80 points, or 1.16%, to end at 23,824.10.

Published – June 24, 2026 06:13 pm IST



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India, U.S. holding continuous discussions for bilateral trade agreement: Goyal https://artifex.news/article70244309-ece/ Wed, 05 Nov 2025 12:59:00 +0000 https://artifex.news/article70244309-ece/ Read More “India, U.S. holding continuous discussions for bilateral trade agreement: Goyal” »

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“Talks are going well and are continuously going on,” Union Minister of Commerce and Industry Piyush Goyal said. File
| Photo Credit: ANI

Commerce and Industry Minister Piyush Goyal on Wednesday (November 5, 2025) said India and the U.S. are holding continuous discussions for the proposed bilateral trade agreement.

“Talks are going well and are continuously going on. kaee samvedanasheel mudde hai, kaee gambheer mudde hai, toh svaabhaavik hai ki thoda samay lagega (There are many sensitive issues, many serious issues, so it is natural that it will take some time),” he told reporters in Auckland.

He was replying to a question about the progress on India-U.S. negotiations on the pact.

Mr. Goyal is in Auckland on a four-day official visit. He is leading a business delegation.

Five rounds of talks have been completed so far for the first phase of the bilateral trade agreement between the U.S. and India.

A team of Indian officials, headed by Commerce Secretary Rajesh Agrawal, was in Washington last month to hold trade talks with their U.S. counterparts. The three-day talks ended on October 17.

In February this year, leaders of India and the U.S. directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). They have fixed a deadline to conclude the first tranche of the pact by the fall of 2025.

These deliberations are important, as relations between the two countries have been under severe strain since the U.S. President Donald Trump administration imposed a steep 50% tariff on Indian goods. It includes a 25% additional import duty for buying Russian crude oil.

The proposed pact aims to more than double the bilateral trade to $500 billion by 2030 from the current $191 billion.

The U.S. remained India’s largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade valued at $131.84 billion ($86.5 billion exports). It accounts for about 18% of India’s total goods exports, 6.22% in imports, and 10.73% in the country’s total merchandise trade.

India’s merchandise exports to the U.S. declined by 11.93% to $5.46 billion in September due to the high tariffs imposed by Washington, while imports increased by 11.78% to $3.98 billion during the month, according to the Commerce Ministry data.



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Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary https://artifex.news/article70167627-ece/ Wed, 15 Oct 2025 14:23:00 +0000 https://artifex.news/article70167627-ece/ Read More “Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary” »

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Commerce Secretary Rajesh Agrawal holds a bilateral meeting with U.S. Ambassador-designate to India Sergio Gor, in New Delhi on October 13, 2025. Photo: X/@USAmbIndia via ANI

A team from India is currently in the U.S. to discuss issues relating to tariffs, according to Commerce Secretary Rajesh Agrawal. However, due to the ongoing shutdown in the U.S. government, it is not “the right time” to hold the next official round of negotiations on a Bilateral Trade Agreement (BTA), he said. 

Mr. Agrawal, currently still the Chief Negotiator for India on the BTA, further said that India would be “very happy” to increase its energy imports from the U.S.

The U.S. government is currently undergoing a ‘shutdown’ as it has not been able to enact the required funding legislation for the current financial year in that country. 

Also Read: ​Mixed signals: On India-U.S. talks

“Our negotiating team is in the U.S. and is trying to see if we can have a win-win solution between the two sides that can address some of the tariff issues,” Mr. Agrawal said during a press briefing on Wednesday (October 15, 2025). “There is already a discussion going on and there is always a hope of arriving at a solution.”

“Regarding the formal rounds of negotiations, the US is currently in shutdown and their manpower strength is down and so this is not the right time to have a full fledged trade negotiation,” the Commerce Secretary said, in response to a query by The Hindu. 

However, he added that both sides are actively discussing how to find a solution to the current trade tensions between India and the U.S.

“As a country, we will be very happy to buy more energy from the U.S. subject to it being available at the right price,” he said. “There is a bilateral commitment and discussions wherein we have indicated very positively that India would like to diversify its portfolio as far as energy imports are concerned. 

September is the first full month where Indian imports into the US faced 50% tariffs, with half of these imposed as a ‘penalty’ on India for importing crude oil from Russia. 

This kind of diversification was the “best strategy” for a big oil buyer like India, Mr. Agrawal said. 

The Commerce Secretary also said that negotiations on the free trade agreement with the European Union were “progressing very well”. 

“We are in the last leg of negotiations,” he said. “The last was the most arduous leg because the toughest things are decided at the end. We are in that stage of negotiations. The last round saw real progress. We are very hopeful that our teams will be interacting with each other, working on the differences.” 

Some officials of the Indian team have stayed back in Brussels to carry forward the negotiations in rules of origin.

“That is one area where a lot of work needs to be done, so we have left the team there to see that substantial progress can be made on this.,” Mr. Agrawal said.



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Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary https://artifex.news/article70167627-ece-2/ Wed, 15 Oct 2025 14:23:00 +0000 https://artifex.news/article70167627-ece-2/ Read More “Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary” »

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Commerce Secretary Rajesh Agrawal holds a bilateral meeting with U.S. Ambassador-designate to India Sergio Gor, in New Delhi on October 13, 2025. Photo: X/@USAmbIndia via ANI

A team from India is currently in the U.S. to discuss issues relating to tariffs, according to Commerce Secretary Rajesh Agrawal. However, due to the ongoing shutdown in the U.S. government, it is not “the right time” to hold the next official round of negotiations on a Bilateral Trade Agreement (BTA), he said. 

Mr. Agrawal, currently still the Chief Negotiator for India on the BTA, further said that India would be “very happy” to increase its energy imports from the U.S.

The U.S. government is currently undergoing a ‘shutdown’ as it has not been able to enact the required funding legislation for the current financial year in that country. 

Also Read: ​Mixed signals: On India-U.S. talks

“Our negotiating team is in the U.S. and is trying to see if we can have a win-win solution between the two sides that can address some of the tariff issues,” Mr. Agrawal said during a press briefing on Wednesday (October 15, 2025). “There is already a discussion going on and there is always a hope of arriving at a solution.”

“Regarding the formal rounds of negotiations, the US is currently in shutdown and their manpower strength is down and so this is not the right time to have a full fledged trade negotiation,” the Commerce Secretary said, in response to a query by The Hindu. 

However, he added that both sides are actively discussing how to find a solution to the current trade tensions between India and the U.S.

“As a country, we will be very happy to buy more energy from the U.S. subject to it being available at the right price,” he said. “There is a bilateral commitment and discussions wherein we have indicated very positively that India would like to diversify its portfolio as far as energy imports are concerned. 

September is the first full month where Indian imports into the US faced 50% tariffs, with half of these imposed as a ‘penalty’ on India for importing crude oil from Russia. 

This kind of diversification was the “best strategy” for a big oil buyer like India, Mr. Agrawal said. 

The Commerce Secretary also said that negotiations on the free trade agreement with the European Union were “progressing very well”. 

“We are in the last leg of negotiations,” he said. “The last was the most arduous leg because the toughest things are decided at the end. We are in that stage of negotiations. The last round saw real progress. We are very hopeful that our teams will be interacting with each other, working on the differences.” 

Some officials of the Indian team have stayed back in Brussels to carry forward the negotiations in rules of origin.

“That is one area where a lot of work needs to be done, so we have left the team there to see that substantial progress can be made on this.,” Mr. Agrawal said.



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