The Nifty 50 index concluded the trading session on February 9, 2026, with a solid gain of 0.68%, settling at 25,867.30. This marked the second consecutive day of advances, fueled by a landmark interim trade framework between India and the United States that significantly reduced reciprocal tariffs. Optimism was further bolstered by robust corporate earnings, particularly from the State Bank of India (SBI), which reported a record quarterly profit of 21,028 crore. SBI shares surged over 7.4% following the announcement, leading a broader rally in the PSU banking sector. Sectoral performance remained predominantly bullish, with 15 out of 16 major indices ending in the green. The Nifty Media index was the standout performer, climbing 4.37%, while Consumer Durables and PSU Banks gained 3.60% and 3.34% respectively. The broader markets also saw intense activity, with the Smallcap index jumping 2.6% and Midcaps rising 1.6%. Technical indicators suggest the index has successfully reclaimed its 50-day Moving Average (DMA), shifting the short-term sentiment to positive. The Relative Strength Index (RSI) is currently in a bullish crossover, trending upward at 66, which signals strength without yet reaching overbought territory. Support for the index is firmly established at 25,780, with major support lying near the 25,650 level. On the upside, immediate resistance is pegged at 25,920. Analysts are now eyeing a psychological target range of 26,000 to 26,200 if the current momentum sustains. Market volatility, as measured by the India VIX, rose slightly by 2.09% to end at 12.19. Meanwhile, global cues provided a mixed backdrop; while Japanese and Chinese markets rallied significantly, US markets showed signs of caution as investors awaited upcoming economic data. In the primary market, two major IPOs—Fractal Analytics and Aye Finance—opened for subscription today, though initial data suggests a cautious start for both issues. Investors are now shifting focus toward January inflation data and the final leg of the Q3 earnings season.