The India-US trade deal may trigger the next rally, if it turns out to be more positive than what the market anticipates, the top Citi India analyst said. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

One of the biggest questions hanging over Indian equities today is whether a potential India-US trade agreement could become the next major catalyst for markets. According to Surendra Goyal, Head of India Research at Citi, the answer depends on both the clarity and the contours of the deal, which foreign investors have been waiting on for months.

Goyal, while speaking to NDTV Profit on Friday, pointed out that India has underperformed emerging markets by nearly 25% this year. Two major factors drove this gap: the shift in expectations around tariffs, a

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