Shares to Buy or Sell: Chandan Taparia Recommends Three Stocks Amid India-US Trade Deal

In light of the newly inked India-US trade deal, market analyst Chandan Taparia has identified three stocks poised for potential gains. The recommendations come as the trade agreement is expected to reshape the global trade landscape, tilting it in India's favor.

The India-US trade deal, finalized this week, has already garnered praise from industrialists. The agreement slashes US tariffs on Indian goods from 50% to 18%, a move lauded as a significant boost for Indian exports. Prime Minister Modi expressed his gratitude to former US President Donald Trump, noting that "Made in India" products will now face considerably lower tariffs. In return, India has agreed to reduce tariffs and non-tariff barriers against the US. According to Trump, India will also increase its purchase of US products, potentially exceeding $500 billion across sectors like energy, technology, and agriculture.

Against this backdrop, Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services, recommends a buy on the following stocks:

• Hindustan Petroleum Corporation Ltd (HPCL): As an oil and gas company, HPCL stands to benefit from the evolving trade dynamics and potential shifts in energy imports.
• Ashok Leyland: This automotive manufacturer could see increased demand due to the trade deal and the anticipated boost to the manufacturing sector.
• Jindal Steel: With the expected infrastructure growth and increased trade activities, Jindal Steel could capitalize on the rising demand for steel products.

The analyst usually considers factors such as chart patterns, momentum indicators, and overall market trends when making stock recommendations. These technical analyses, combined with the anticipated positive impact of the trade deal, form the basis for these stock picks.

The India-US trade deal has been described as a "father of all deals" by some, highlighting its potential to strengthen the economic partnership between the two nations. The agreement is expected to boost exports, benefiting farmers, skilled workers, and various sectors across the Indian economy. Industry bodies anticipate a sustained recovery in exports throughout 2026, driven by tariff relief and policy clarity.

While the complete details of the deal are yet to be revealed, the initial indications suggest a mutually beneficial agreement. The reduction in tariffs is expected to enhance the competitiveness of Indian products in the US market, while increased market access in India will benefit American companies.

In addition to the US deal, India has also recently concluded a significant free trade agreement with the European Union, further solidifying its position in the global trade arena. These deals reflect India's growing economic influence and its proactive approach to securing favorable trade terms for its industries.

Investors are advised to conduct their own research and consult with financial advisors before making any investment decisions. Market conditions are subject to change, and stock recommendations are not guarantees of future performance.