**Global & Domestic Market Brief: Trade Deal Euphoria** **Market Snapshot** Indian equity benchmarks staged a massive rally today, February 4, 2026, fueled by the landmark **India-US trade agreement**. Sentiment remains aggressively bullish as easing tariff concerns triggered broad-based buying across large-cap and financial sectors. **Key Indices Performance** \* **Sensex:** Skyrocketed over **2,072 points** (+2.54%) to close near **83,739**. * **Nifty 50:** Surged past the **25,700** mark, trading around **25,727** (+1.06%). * **Bank Nifty:** Gained strong momentum, advancing significantly to **60,041** (+2.43%). * **Mid & Small Caps:** The rally extended to broader markets, with Nifty Midcap 100 and Smallcap 100 posting solid gains of nearly **1%**. **Primary Drivers** The decisive trigger remains the slashing of US tariffs on Indian goods from **50% to 18%**. This reduction is viewed as a "game-changer" for export-oriented sectors, particularly textiles, IT, and pharmaceuticals. The deal effectively neutralizes the "tariff tantrum" fears that had suppressed valuations for months. **Sector Watch** \* **Banking & Finance:** Emerged as the day's top performer. Stocks like **Bajaj Finance** (+6.7%) and **HDFC Bank** saw heavy accumulation. * **Infrastructure:** **Adani Ports** led the gainers pack, soaring over **7%** on renewed optimism for trade logistics. * **IT Services:** Remained resilient despite a tech sell-off in the US, with **TCS** and **Infosys** holding steady. * **FMCG:** **ITC** and **Gillette India** remained in focus as they turned ex-dividend today. **Global Cues** Wall Street provided mixed signals. The **Nasdaq** tumbled **1.43%** overnight as investors rotated out of high-valuation tech stocks following lackluster earnings reports. The **Dow Jones** dipped slightly by **0.34%**, while European markets opened flat to negative. **Commodities & Currency** \* **Gold:** Staged a sharp recovery, rebounding to trade near **$4,950** per ounce after a steep correction earlier in the week. Volatility remains high as safe-haven demand competes with profit-taking. * **Crude Oil:** Brent Crude prices ticked higher to **$66.50** amid lingering geopolitical tensions. * **Rupee:** Strengthened against the dollar, supported by massive capital inflows and positive trade sentiment. **Institutional Activity** Foreign Institutional Investors (FIIs) appear to be reversing their selling spree, with provisional data indicating net buying interest. Domestic Institutional Investors (DIIs) continue to provide a solid floor, absorbing liquidity and supporting the index at higher levels. **Outlook** The market structure has shifted decisively in favor of bulls. With the Nifty firmly above **25,700**, the near-term trend targets higher resistance levels. However, volatility in global tech stocks and fluctuations in gold prices may induce intermittent profit-booking bouts. [Sensex jumps 2,500 points: 3 reasons why the stock market is rising today?](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DsOQ08zNyl2w) This video explains the recent market surge driven by the India-US trade deal and tariff cuts, providing context for the Sensex and Nifty rally mentioned in the brief.