Indian stock markets experienced a significant rally on Tuesday, February 3, as investors celebrated the completion of the long-awaited trade deal between India and the United States. Both the Sensex and Nifty indices recorded substantial gains, indicating strong positive sentiment throughout Dalal Street. By the close of trading, the Sensex surged by 2,072.67 points, or 2.54 percent, finishing at 83,739.13. The Nifty also rose, climbing 639.15 points, or 2.55 percent, to settle at 25,727.55.
Analysts noted that the critical support zone for the Nifty is now between 25,500 and 25,600, while a major resistance area lies between 25,900 and 26,000. This market upswing followed US President Donald Trump’s announcement that tariffs on Indian goods would be reduced to 18 percent, significantly boosting market confidence. Investors are optimistic that this development will enhance trade relations and benefit both Indian companies and the broader economy.
Notably, several heavyweight stocks contributed to the rally on the Sensex, with shares of Adani Ports, Bajaj Finance, IndiGo, and PowerGrid experiencing strong gains during the session. In contrast, Tech Mahindra and Bharat Electronics Limited were the only stocks to close in the negative.
Market optimism was widespread, as every sectoral index ended the day in positive territory. The Nifty Realty index emerged as the top performer, increasing by over 4 percent. Other sectors, including chemicals, pharmaceuticals, and consumer durables, also showed robust buying interest, with their indices rising by more than 3 percent each.
The broader market also joined in the upward trend, with the Nifty MidCap 100 index rising by 2.84 percent and the Nifty SmallCap 100 index gaining 2.82 percent. Analysts remarked that this strong market performance reflects heightened investor confidence, driven by favorable developments in trade and expectations of improved economic conditions.
An expert highlighted that Indian equities saw a significant upswing, largely due to the anticipated benefits of the India-US trade deal and a strengthening rupee, which is likely to encourage renewed foreign institutional investor (FII) inflows. Following the announcement of the trade agreement, the rupee appreciated sharply, gaining Rs 1.28 or nearly 1.40 percent, marking its best single-day performance since December 2018.
Original Source: https://assamtribune.com/sci-and-tech/sensex-jumps-2073-points-rupee-logs-best-single-day-gain-since-2018-1606425
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Publish Date: 2026-02-03 17:02:00
