**MARKET BRIEF: HISTORIC RALLY ON US-INDIA TRADE DEAL** **Overview** Indian equity markets witnessed a euphoric session today, February 3, 2026, driven by the landmark India-US trade agreement. Benchmark indices logged their biggest single-day gains in recent history as sentiment turned overwhelmingly bullish on tariff reductions. **Key Indices Performance** * **NIFTY 50:** Surged past **25,800**, adding over **740 points** (+2.96%). * **SENSEX:** Skyrocketed above **84,100**, gaining approximately **2,450 points** (+3.00%). * **Bank Nifty:** Crossed **60,100**, up nearly **2.7%**. * **Volatility:** India VIX cooled significantly as geopolitical and trade risks subsided. **Market Drivers** * **Trade Deal Breakthrough:** The US administration announced a cut in reciprocal tariffs on Indian goods to **18%** (down from 25-50%), sparking a massive rally in export-oriented sectors. * **Geopolitical Easing:** Crude oil prices slumped below **$66/barrel** as US-Iran tensions de-escalated, benefiting India’s import bill. **Sector Watch** * **Textiles (Top Gainer):** Stocks like **KPR Mill**, **Welspun Living**, and **Trident** zoomed **10–20%** on improved export competitiveness. * **Adani Group:** **Adani Enterprises** (+11%) and **Adani Ports** (+7%) led large-cap gainers, fueled by renewed investor confidence. * **IT & Auto:** Heavyweights **Infosys**, **TCS**, and **Maruti Suzuki** saw robust buying interest, contributing significantly to index points. **Commodities & Currency** * **Gold:** Rebounded sharply, climbing **3%** to reclaim critical levels near **₹1,48,000** (futures). * **Crude Oil:** Brent Crude dropped to **$65.90**, easing inflation concerns. * **Rupee:** Strengthened against the dollar amidst heavy FII inflows and positive trade sentiment. **Global Cues** Global markets remain supportive. Wall Street closed higher overnight with the **Dow Jones** up **1%**, while Asian peers like the **Nikkei** surged nearly **4%**, mirroring the positive risk-on sentiment. ----- [Market Rally Analysis](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DS0123Example) The video linked above provides a detailed breakdown of the India-US trade deal's impact on specific sectors like textiles and IT, offering valuable context for today's market surge.