**Global Market Brief: February 4, 2026** **Equities: Volatility & Divergence** Global markets are displaying sharp regional divergence today. Indian benchmarks are rallying on the heels of a new **India-US trade deal**, with the **Nifty 50** climbing **1.06%** to **25,088** and the **Sensex** gaining **2.54%** to reach **83,739**. Conversely, US and European sentiment is weighed down by a **tech sector rout**, driven by profit-booking and sliding IT stocks (down nearly **6%** in some indices). **Commodities: Gold Surge & Oil Stability** Safe-haven assets are seeing significant inflows amidst escalating **US-Iran geopolitical tensions**. * **Gold**: Futures continue a massive bullish run, trading near **$4,974**, reflecting sustained demand as a hedge against inflation and instability. * **Oil**: Energy markets remain relatively tempered compared to metals, with **WTI Crude** trading at **$63.87** and **Brent** at **$67.92**. **Crypto: Bearish Pressure** The cryptocurrency market is facing headwinds, with the total market cap shrinking. * **Bitcoin (BTC)**: Hovering around **$76,000**, down approximately **3.8%** amid liquidation pressures and lingering Fed uncertainty. * **Ethereum (ETH)**: Trading near **$2,250**, recording a **4%** decline. **Macro & Currency** * **Federal Reserve**: The Fed has held benchmark rates steady at **3.50%–3.75%**, with Chair Powell noting solid economic expansion despite "somewhat elevated" inflation. * **Currencies**: The **Indian Rupee (INR)** remains under pressure, trading near record lows around **91.98** against the dollar, prompting discussions on foreign investor sentiment. ----- [Markets Today: Nifty 50 & Sensex Live Updates](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DFjry2vWq_6c) This video provides real-time analysis of the current market rally in India, offering context on the Nifty and Sensex movements discussed in the brief.