**Global Market Brief: Historic Rally & Trade Deal** **Market Snapshot** Global equities are staging a massive rally today, February 3, 2026, driven by a breakthrough US-India trade agreement. Indian benchmark indices witnessed their sharpest single-day surge in recent history, while US futures point to a strong open. **Key Drivers** * **US-India Trade Pact:** President Trump announced a deal to slash reciprocal tariffs on Indian goods from **25% to 18%**. In exchange, India has agreed to halt Russian oil imports and lower barriers for US products. * **Sentiment Shift:** The deal effectively removes a major geopolitical overhang, fueling risk-on sentiment across emerging markets and strengthening the rupee against the dollar. * **Tech Earnings:** **Palantir** shares are soaring pre-market after beating Wall Street estimates, further boosting the tech sector's momentum. **Indices & Performance** * **India:** The **Sensex** skyrocketed over **4,200 points (+5.1%)** to hit an intraday high of **85,871**, while the **Nifty 50** climbed **1,252 points (+5%)** to cross **26,300**. * **United States:** S&P 500 and Nasdaq futures are trading **0.3%** and **0.6%** higher respectively, building on yesterday's gains where the Dow added **515 points**. * **Sector Leaders:** Banking, Housing Finance, and Tech stocks are leading the charge. **Bajaj Housing Finance** and **Ather Energy** are in focus following strong Q3 earnings. **Commodities & Crypto** * **Gold & Silver:** Precious metals are seeing a violent upside reversal. Gold surged over **5%** to trade near **$4,920/oz**, and Silver jumped over **11%**, rebounding from a historic sell-off earlier in the week. * **Crude Oil:** Prices remain volatile but relatively muted compared to equities, with **Brent** hovering around **$66.80** (+0.7%) as the market digests the shift in India's energy sourcing away from Russia. **Economic Watch** Investors are now eyeing the implementation details of the tariff cuts and the delayed **US Jobs Report**. The sharp rebound in gold suggests lingering caution despite the equity euphoria. **