“Trilok Agarwal of Ambit Asset Management maintains a decisively bullish outlook on Indian equities, citing the India-US trade deal as a catalyst that removes a year-long geopolitical overhang and enhances export competitiveness. He notes Nifty valuations at approximately 20.4x P/E, which is below the 10-year average, creating significant headroom for multiple expansion and improved earnings visibility. Key sectors expected to benefit include generic pharmaceuticals, gems and diamonds, aircraft parts, textiles, apparel, leather, and footwear, primarily due to the elimination of US tariffs on these exports.”