Waaree Energies led a surge in Indian renewable energy shares today, climbing over 13% amid excitement over a fresh India-US trade pact. This agreement, revealed by US President Donald Trump after discussions with PM Narendra Modi, slashes tariffs and opens doors for green exports.Waaree Energies, Suzlon Surge on Tariff Cuts to 18%The US has trimmed reciprocal tariffs on Indian goods from 25% to 18%, a move Trump shared on Truth Social on 2 February 2026. It follows strains from India’s Russian oil buys, hit with penalties since August 2025.India pledges to pause those oil imports and boost US purchases in energy, tech, agriculture, and coal—aiming for $500 billion over time. PM Modi hailed it on X as a boon for India’s 1.4 billion people and stronger ties between democracies.This positions India better than some Asian rivals at 20% tariffs, aiding exporters. Experts note it may curb foreign fund outflows, steady the rupee, and brighten market sentiment.Top Renewable Shares Jump Up to 14% TodayWaaree Energies rocketed 13% to Rs 3,174.90, its market cap topping Rs 90,000 crore—still 19% shy of peaks. With heavy US exposure, it’s poised to gain most from cheaper exports.Adani Green Energy rose to Rs 951.35 from Rs… Read MoreStartupTalky- Business News, Insights and Stories
