India Is Hot Trade Again as Funds Chase Trump-Era Winners (1)

Global funds are pouring money back into India, driving billion-dollar corporate financing deals and sending stocks prices to near a seven-month high, as investors bet that Asia’s third-largest economy can emerge as a winner in President Donald Trump’s trade war.

The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US following upbeat comments by Trump. Corporate India has seized the momentum: Shapoorji Pallonji Group secured a $3.4 billion private credit deal, and Reliance Industries Ltd. locked in a ...