India and the US have reached a trade agreement, with the US reducing tariffs on Indian goods in exchange for India halting Russian oil purchases and lowering trade barriers. While details are scarce, India is unlikely to open its agricultural market to US corn and soybeans due to its ban on GM crops and protection of small farmers.
Gold and silver futures opened higher for a second consecutive session on Wednesday, pushing commodity-based ETFs up by as much as 9% during the period.
Global software and IT stocks suffered a sharp selloff after Anthropic unveiled new AI tools capable of automating legal, sales, marketing and data analysis tasks. Fears that AI may replacerather than supportsoftware firms triggered what analysts call a SaaSpocalypse, wiping out billions in market value across the US, Europe and India.
Waaree Energies' shares surged following a US-India trade deal easing tariffs, boosting export prospects. The company also reported strong Q3 results, exceeding Ebitda guidance and expanding its order book. Strategic backward integration and diversification into BESS and green hydrogen further underpin its growth trajectory.
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