**Global Market Brief: Wednesday, February 4, 2026** **Global Equities: Trade Deal Sparks Rally** Markets are reacting strongly to the finalized US-India trade agreement, which has slashed reciprocal tariffs to **18%**. The deal has triggered a massive risk-on rally, particularly in emerging markets, with export-oriented sectors leading the charge. **Indices Snapshot** * **Nifty 50 (India):** Closed at **25,727.55**, surging **2.55%** on heavy institutional buying. * **BSE Sensex:** Gained over **2,000 points** to settle at **83,739.13**. * **US Futures:** Dow Jones and Nasdaq futures are trading higher, fueled by reduced trade tensions and improved sentiment for global commerce. * **Asian Markets:** Broadly positive, with the Nikkei 225 seeing support from a weaker Yen. **Commodities: Gold Hits Historic Highs** Precious metals are witnessing unprecedented volatility. **Gold** has surged past the psychological barrier of **$5,000 per ounce**, currently trading around **$5,047** (+2.04%). This move is driven by a mix of geopolitical tension and technical breakouts. **Silver** also rallied significantly, trading near **$87.46**. **Energy** **Crude Oil** remains steady but firm, with **WTI Crude** trading at **$63.79** per barrel and **Brent** at **$67.90**. Traders are balancing the trade deal optimism against supply-side dynamics. **Cryptocurrency: Bitcoin Under Pressure** Contrastingly, the crypto market is facing headwinds. **Bitcoin (BTC)** has slipped **2.28%** to trade at **$76,658**, struggling to reclaim the $80,000 level amid profit-taking and shifting capital flows. **Ethereum (ETH)** is down **2.24%**, hovering around **$2,280**. **Currencies (Forex)** * **USD/JPY:** The Yen has weakened to **155.78**, supporting Japanese exporters. * **EUR/USD:** The Euro is holding steady at **1.1816**. * **USD/INR:** The Rupee is expected to strengthen following the trade pact announcement.