**Global Market Brief: February 4, 2026** **Snapshot: Volatility Follows Historic Rally** Indian equity benchmarks are witnessing a volatile session today, pausing for breath after yesterday's massive surge triggered by the landmark India-US trade deal. Investors are aggressively booking profits, leading to a flat-to-negative trend across major indices. **Equity Performance** * **Nifty 50:** Hovering near **25,750**, struggling to hold the 25,800 level. * **Sensex:** Trading flat around **83,755** after swinging between gains and losses. * **Sector Watch:** A sharp sell-off is visible in IT stocks. **Infosys**, **TCS**, and **HCLTech** are down **5–7%**, tracking a tech rout in US markets. Conversely, energy and public sector stocks like **ONGC** (+4%) and **Coal India** (+2.4%) are acting as key supports. **Commodities: Precious Metals Skyrocket** Gold and silver prices have registered massive gains today, driven by global geopolitical tensions and US government shutdown fears. * **Gold (MCX):** Surged over **3%** to cross **₹1,48,600** per 10g. * **Silver (MCX):** Jumped nearly **7.5%**, trading above **₹2,54,000** per kg. * **Global Spot Gold:** Rallied to **$4,837** per ounce. **Key Drivers & Events** * **Profit Booking:** The market is consolidating after the Sensex zoomed over 2,000 points yesterday on the trade deal euphoria. * **Geopolitics:** Escalating US-Iran tensions are pushing capital toward safe havens like gold. * **Upcoming Data:** All eyes are now on the **RBI Monetary Policy** announcement scheduled for Friday, February 6, 2026. ----- **Market Sentiment:** Cautious. While the medium-term outlook remains positive due to the trade pact, immediate headwinds from the global tech sector and pre-policy nervousness are capping upside momentum. *