Domestic markets are expected to open on a strong note on Thursday, the first full day of trading in Samvat 2082. Gift Nifty signals a gap-up opening of about 100 points amid expectations of a US-India deal soon, following US President Donald Trump and Prime Minister Narendra Modi’s telephonic talks.

Trump told reporters at the White House Diwali celebrations on Tuesday that his call with Modi focused mostly on trade as the two countries were working on “some great deals”. He reiterated that India would not purchase much oil from Russia and was already reducing its imports.

Meanwhile, India’s team of trade negotiators has returned from Washington after intense discussions with US officials, moving “somewhat closer” to a trade deal.

Navjeet Sobti, Almondz Global, said: “While the near-to

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