**GLOBAL & INDIAN MARKET WRAP | FEBRUARY 3, 2026** **🇮🇳 India: Historic Rally on Trade Deal** Indian markets witnessed a massive surge today, fueled by the announcement of a landmark **India-US trade agreement**. The **Sensex** skyrocketed over **2,400 points** (+2.97%) to trade near **84,089**, while the **Nifty 50** reclaimed the **25,800** level, up **742 points** (+2.96%). * **Key Driver:** The US administration agreed to slash tariffs on Indian goods to **18%** in exchange for strategic shifts in energy sourcing. * **Sector Watch:** Gems & Jewellery and IT stocks led the charge. **Bank Nifty** also joined the party, crossing **60,190** (+2.69%). **🇺🇸 Global Markets: Futures Green & Tech Earnings** US futures indicate a positive open as investors digest strong earnings and geopolitical updates. * **Dow Futures:** **49,582** (+0.12%) * **Nasdaq Futures:** **26,020** (+0.66%) * **S&P 500 Futures:** **7,026** (+0.34%) **Tech Focus:** **Palantir** (+7%) and **Teradyne** (+20%) surged in pre-market trading after beating quarterly estimates, boosting sentiment in the technology sector. **🛢️ Commodities: Gold Shines, Oil Slips** * **Gold (MCX):** Prices spiked sharply to **₹1,48,000** per 10g (+3.25%) amid global volatility. * **Silver:** Outperformed gold, jumping over **7%** to trade near **₹2,54,000** per kg. * **Crude Oil:** WTI Crude fell to **$62** per barrel as tensions eased following reports of resumed US-Iran diplomatic talks. **₿ Crypto: Bitcoin Under Pressure** The crypto market remains on shaky ground, with **Bitcoin** slipping to **$78,250**, marking its lowest level since April amid waning risk appetite. **Ethereum** traded near **$2,318**, attempting a mild recovery.