Global Market Brief — February 4, 2026 📉 Global Equities: Divergent Trends **India Leads the Charge** Indian markets staged a massive rally today, decoupling from global weakness. The **Nifty 50** surged over **2.5%** to reclaim **25,727**, while the **Sensex** jumped **2,072 points** to close at **83,739**. Adani Group stocks were the primary drivers following strong Q3 results, with **Adani Enterprises** soaring **10.3%** and **Adani Ports** climbing **9.1%**. **US & Tech Under Pressure** In contrast, US markets faced headwinds as investors digested a flood of tech earnings and the recent end to the government shutdown. The **Nasdaq** slid **1.43%** to **23,255**, and the **S&P 500** declined **0.84%** to **6,917**. The **Dow Jones** remained relatively flat, dipping just **0.34%** to **49,240**. 🪙 Commodities & Crypto: Flight to Safety **Gold & Oil Rally** Geopolitical tensions in the Middle East and a weaker dollar have fueled a safe-haven rush. **Gold** prices extended their historic run, breaking past **$4,950 per ounce** after touching an all-time high near **$5,600** last week. **Crude Oil** prices also ticked higher as traders monitored potential supply disruptions. **Crypto "Extreme Fear"** The digital asset market remains in correction territory. **Bitcoin** is struggling to hold the **$76,000** support level after a week-long rout wiped nearly **$500 billion** from the sector. Sentiment has hit "extreme fear," with **Ethereum** trading down around **$2,250**. 🌍 Key Economic Drivers * **US Government Shutdown Ends:** President Trump signed a funding deal with Democrats, alleviating immediate fiscal uncertainty, though market reaction remains tepid. * **Corporate Earnings:** Strong EBITDA beats from Indian infrastructure giants have revitalized domestic sentiment, while US investors rotate out of high-growth tech stocks. * **Geopolitics:** Escalating tensions in the Middle East continue to support energy and precious metal prices, offsetting bearish pressure from equity market volatility.