Sensex Soars 2,000+ Pts, Nifty Above 25,700: India-US Trade Deal Fuels Market Rally
Business
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Moneycontrol•03-02-2026, 16:17
Sensex Soars 2,000+ Pts, Nifty Above 25,700: India-US Trade Deal Fuels Market Rally
- •Indian benchmark indices Sensex and Nifty surged over 2.5% on Tuesday, marking their best day in nine months.
- •The rally was primarily driven by a new India-US trade deal, reducing US tariffs on Indian goods from 25% to 18%.
- •Heavyweight financials, Reliance, and export-oriented stocks led the gains, with Adani Enterprises and Jio Financial Services among top Nifty50 performers.
- •Other contributing factors included a strong rupee, positive global cues, and a decline in Brent crude oil prices.
- •Technical analysis suggests a shift in market sentiment from 'sell on rise' to 'buy on dips', with Nifty finding support around 25,470-25,500.
Why It Matters: A new India-US trade deal and other positive factors propelled Indian markets to a significant rally.
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