INDIA–EU TRADE DEAL: LIKELY MARKET REACTION (JOINT PRESSER 1:15 PM TOMORROW) Export and consumption plays in focus; watch tariff details and sector guidance. Likely Positive Stock Reaction 🟢 - Auto ancillaries – Motherson, Bharat Forge, Sona BLW: Export opportunities to the EU and potential tariff benefits could support volumes and margins. - Textiles – Welspun Living, Gokaldas Exports: Better access to EU markets may drive a demand boost and improve competitiveness. - Watches / Cheaper imports – Timex, Ethos, KDDL: Lower duties on imported watches could aid volume growth and support margins. Likely Negative Stock Reaction 🔻 - Tata Motors: Higher competition for JLR in EU markets may weigh on pricing power and margins. - Sula Vineyards: Cheaper wine imports from the EU could pressure pricing and market share. Key Takeaway: The deal is incrementally positive for export-oriented and import-beneficiary names, while select domestic players facing EU competition may see near-term pressure.