SRF, Aarti Industries, Navin Flourine soar up to 19% on India-US trade deal; NIFTY Chemicals rises 6%

All the stocks on the NIFTY Chemicals index were trading in the green.

Shares of specialty chemical companies, including SRF (10%), Navin Fluorine International (9.18%), Gujarat Fluorochemicals (11.82%), Anupam Rasayan (2.66%), Aether Industries (4.39%), and more, surged on the National Stock Exchange (NSE).

PCBL Chemical stock rallied as much as 15.06% to the session’s peak of ₹307.85 per unit. Shares of Aarti Industries gained 19.03% to hit an intraday high of ₹444 apiece, and the stock of Neogen Chemicals advanced 13.31% to the day’s peak of ₹1,440 per equity share.

Under the deal, the US has agreed to reduce the reciprocal tariff on Indian goods to 18% from the present 25%, President Donald Trump said late on Monday, following a phone conversation with Narendra Modi.

India will also move towards reducing its tariff and non-tariff barriers against the United States to zero, President Donald Trump said in a post on Truth Social.

President Donald Trump said that India has agreed to stop buying oil from Russia and will instead purchase more from the United States and potentially from Venezuela.

“The Prime Minister (PM Narendra Modi) also committed to “BUY AMERICAN,” at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products,” the post added.

In a post on X, formerly Twitter, Prime Minister Narendra Modi said, “When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation.”

The India-US trade deal comes on the back of the India-EU trade deal, which was announced last week.

The India–EU Free Trade Agreement (FTA), hailed as the ‘mother of all trade deals’, follows negotiations that spanned nearly twenty years.