India-US Trade Deal Fuels Market Rally: Sensex Jumps 2,073 Points, Rupee Soars
Business
F
Firstpost•03-02-2026, 16:32
India-US Trade Deal Fuels Market Rally: Sensex Jumps 2,073 Points, Rupee Soars
- •Indian benchmark indices, Sensex and Nifty, saw significant gains following the India-US trade deal and reduced US tariffs on Indian goods.
- •The BSE Sensex surged 2,073 points, while the NSE Nifty closed above the 25,700 mark, driven by broad-based buying.
- •The Indian rupee recorded its best single-day gain since December 2018, strengthening 1.36 percent against the US dollar.
- •Adani Ports & Special Economic Zone jumped over 9 percent after raising its FY26 earnings forecast and reporting strong Q3 net profit.
- •Adani Enterprises soared over 10 percent due to a 97-fold surge in Q3 consolidated net profit, aided by a one-time gain from an AWL stake sale.
Why It Matters: Optimism from the India-US trade deal led to a massive stock market rally and the rupee's strongest day in years.
✦
More like this
Loading more articles...
