**Global Market Brief | Tuesday, February 3, 2026** **Top Story: Historic India-US Trade Deal** Global sentiment surged today following the finalization of a major trade agreement between the US and India. Tariffs on Indian goods entering the US have been slashed to **18%** (down from peaks of 50%), sparking a massive rally in emerging markets. * **Sensex** skyrocketed over **2,300 points** (+2.8%) to breach **84,000**. * **Nifty 50** climbed past **25,700**, driven by gains in Auto, IT, and Pharma sectors. **US Equities: Knocking on 7,000** Wall Street continues its upward march, with key indices eyeing historic milestones amid a flood of corporate earnings. * **S&P 500** is trading near **6,976**, just points away from the psychological **7,000** barrier. * **Dow Jones** gained **+1.05%** to sit at **49,407**. * **Nasdaq 100** pushed to **25,738**, supported by strong performances from semiconductor giants like **AMD** (+5%) and **Intel** (+5%). **Crypto: Bitcoin Volatility** Digital assets remain choppy as traders digest macroeconomic shifts. * **Bitcoin (BTC)** is hovering around **$78,800**, recovering from a brief dip below $78k earlier in the session. * Market participants are closely watching the **$80,000** resistance level as volatility indices cool slightly. **Commodities: Gold Rebounds, Oil Slides** A mixed day for raw materials as safe-haven demand battles demand concerns. * **Gold** staged a recovery, climbing back to **$4,758/oz** after recent profit-taking. * **Silver** remains highly volatile, trading near **$82/oz**. * **Crude Oil** remains under pressure, with **Brent** slipping to **$66.03/bbl** (-4.3%) and **WTI** holding at **$61.70/bbl**, reflecting concerns over global energy demand despite the trade optimism. **Key Economic Data** * **RBA (Australia)** hiked interest rates to **3.85%**, citing persistent inflationary pressure. * Investors are now bracing for remaining Big Tech earnings reports later this week, which could dictate the next leg of the rally.