**GLOBAL MARKET SNAPSHOT: JAN 29, 2026** **🇺🇸 US & Global: S&P Hits Historic 7k** Wall Street made history as the **S&P 500** briefly crossed the **7,000** mark for the first time, driven by relentless AI optimism and strong tech earnings. The index closed just shy at **6,978**, while the **Nasdaq 100** gained **0.32%** to close above **26,000**. The Federal Reserve held interest rates steady at **3.50%–3.75%**, as expected. Chair Jerome Powell firmly asserted the central bank's independence amidst political pressure, though the **US Dollar Index (DXY)** slumped to a four-year low of **96.16**. **🇮🇳 India: Nifty Reclaims 25k** Domestic markets are trading with positive momentum, buoyed by the recent India-EU trade deal removing tariffs on **90%** of goods. * **Nifty 50:** Trading up **0.51%** at **25,175**. * **Sensex:** Hovering near **82,345**. * **Rupee (INR):** Remains under pressure, trading at **91.78** against the USD after hitting fresh lows earlier in the week. * **Top Movers:** Energy stocks are rallying, with **Oil India** (+9%) and **ONGC** (+8%) leading the pack. **🛢️ Commodities: Gold & Oil Surge** Geopolitical tensions and a weaker dollar have ignited a massive rally in commodities. * **Gold:** skyrocketing to fresh record highs, trading above **$5,480/oz** as investors flock to safe havens. * **Crude Oil:** **WTI** jumped to **$64/bbl** and **Brent** to **$68/bbl** following US warnings regarding Iran, sparking supply disruption fears. **₿ Crypto: Bitcoin Holds Firm** The crypto market remains resilient with **Bitcoin** trading near **$87,780**, consolidating recent gains despite the risk-off sentiment in currency markets. **Key Takeaway:** Markets are balancing "risk-on" tech euphoria (S&P 7k) with "risk-off" defensive moves (Gold/Oil rally) as geopolitical risks simmer in the background.