**MARKET BRIEF: GLOBAL SNAPSHOT** 🌍 **February 4, 2026** Global equities are pausing for breath today as the euphoria from the historic **India-US trade deal** meets renewed geopolitical friction. While major indices digest recent gains, capital is flowing aggressively into safe-haven assets, pushing gold to unprecedented heights. **Equities: Consolidation & Tech Jitters** Asian and US markets are displaying mixed sentiment. After yesterday’s massive **2,000-point** rally triggered by the trade agreement, Indian benchmarks (Sensex and Nifty) are consolidating. * **India:** Nifty is trading just below **25,750**, facing resistance as investors book profits. The IT sector is the biggest laggard, sliding nearly **6%** following a rout in US technology stocks. * **United States:** The Dow Jones Industrial Average remains robust, hovering near **49,433**, while the broader market struggles with tech sector valuation concerns. **Commodities: Gold Breaks Records** Geopolitical tensions have ignited a massive rally in precious metals and energy. * **Gold:** The yellow metal has shattered expectations, crossing the psychological **$5,000/oz** mark to trade at **$5,054** (+2.18%). Investors are rushing to safety following reports of US forces downing an Iranian drone in the Arabian Sea. * **Oil:** WTI Crude is pushing toward **$64/bbl**, supported by supply fears and the reheating conflict in the Middle East. **Crypto: Sentiment in "Fear" Zone** The digital asset market remains under pressure, decoupling from the equity rally. * **Bitcoin:** BTC is trading around **$76,250**, struggling to reclaim bullish momentum. * **Sentiment:** The "Fear & Greed" index is flashing **Extreme Fear (<30)**, with major altcoins like BNB seeing significant retracements from their 2025 highs. **Key Market Drivers** * **Trade Policy:** Markets are still pricing in the impact of President Trump cutting tariffs on Indian goods to **18%** (down from 25%), a move expected to boost bilateral trade volumes significantly. * **Geopolitics:** All eyes are on the upcoming Friday talks between US and Iranian officials. The recent drone incident has added a risk premium to all asset classes, dampening appetite for high-growth tech stocks.