Indian equity benchmarks extended their winning streak for a second consecutive session on **February 9, 2026**, as market sentiment surged on the back of a landmark interim trade agreement between India and the United States. The deal, which reduces tariffs on Indian goods from **55% to 18%**, has sparked broad-based buying across export-oriented and domestic consumption sectors. The **Nifty 50** index climbed **173.60 points (0.68%)** to settle at **25,867.30**, having reached an intraday high of **25,922.25**. The **Sensex** mirrored this strength, jumping **485.35 points (0.58%)** to reclaim the **84,000** mark and close at **84,065.75**. Midcap and smallcap indices outperformed the frontliners, with the **Nifty Smallcap 100** surging over **2.6%**. Sectoral performance was led by **PSU Banks**, which rallied **3.34%**, followed by **Consumer Durables** at **3.60%** and **Realty** at **2.61%**. **State Bank of India (SBI)** emerged as a top performer, rising **7.46%** following strong quarterly results. Other significant gainers included **Shriram Finance (+6.00%)** and **Titan (+2.82%)**, while the **Nifty Media** index topped the sectoral charts with a **4.37%** gain. The technical structure for the **Nifty 50** remains constructive as it trades above its **20-day** and **100-day** exponential moving averages. Immediate support is now established at the **25,550–25,600** zone. On the upside, the index faces a psychological hurdle at **26,000**, with heavy call writing noted in the **25,900–26,000** band. A decisive breach above this level could clear the path toward **26,300**. Broader economic indicators reinforce the current market optimism. **Goldman Sachs** recently upgraded India’s **2026** GDP growth forecast to **6.9%**, citing the impact of lower US tariffs and a cooling current account deficit, projected at **0.8%** of GDP. Additionally, **Moody’s** anticipates India will remain the fastest-growing **G-20** economy in the upcoming fiscal year with a growth rate of **6.4%**. Foreign Institutional Investors (**FIIs**) have turned net buyers, injecting **1,950.77 crore** in a single session, while domestic liquidity remains robust through consistent inflows. The **India VIX** settled at **12.19**, reflecting a stable volatility environment. In the currency market, the **Rupee** strengthened to **90.68** against the US dollar, benefiting from eased depreciation pressures following the trade deal announcement.