**Global Market Snapshot 🌍** **Date:** Tuesday, February 3, 2026 **Overview:** Global equities are riding a wave of optimism following a strong US rally and easing crude prices. Indian markets are poised for continued momentum after staging a massive recovery yesterday, fueled by favorable trade developments. **🇮🇳 India Market Update** **Rebound Rally:** Benchmark indices staged a sharp comeback on Monday, shrugging off Budget-day volatility. * **Sensex:** Closed at **81,666** (+943 pts / +1.17%) * **Nifty 50:** Reclaimed **25,088** (+263 pts / +1.06%) * **Bank Nifty:** Surged to **59,610** (+1,375 pts) **Key Drivers:** * **US-India Trade Deal:** Optimism surrounding new trade agreements is boosting sentiment, particularly in export-heavy sectors. * **Buying Activity:** Strong value buying witnessed in **Auto**, **Banking**, and **Oil & Gas** blue-chips. * **Outlook:** GIFT Nifty indicates a positive/gap-up start for today's session. **🇺🇸 US & Global Indices** **Wall Street Surge:** US markets closed higher, driven by tech and industrial gains. * **Dow Jones:** **49,407** (+1.05%) – Jumped over 500 points. * **S&P 500:** **6,976** (+0.54%) * **Nasdaq:** **23,592** (+0.56%) **Asian Action:** * **Nikkei 225:** Rallying hard, up nearly **3.98%** in early trade. * **Hang Seng:** Mixed performance, showing slight declines. **resource Commodities & Currency** **Precious Metals (Bullish):** Gold and Silver are witnessing significant buying interest. * **Gold:** Trading near **$4,823/oz** (Global) | **₹1,58,889** (India 24K/10g) * **Silver:** Sharp jump to **$83/oz** (+4.9%) **Energy (Cooling):** Crude oil prices have dropped, providing relief to importing nations like India. * **Brent Crude:** **$65.90/bbl** (-0.5%) * **WTI Crude:** **$61.80/bbl** (-0.4%) **Forex:** * **USD/INR:** Rupee trading steadily around **91.51**. **📢 Key Events Watch** * **Manufacturing PMIs:** Investors are closely monitoring global manufacturing data released this week. * **FII Flows:** Foreign Institutional Investors were net sellers yesterday (approx. **₹588 Cr**), but domestic buying remains robust.