India-US Trade Deal Sparks GIFT Nifty Rally: Market Set for Rocket Launch?
Business
M
Moneycontrol•02-02-2026, 23:08
India-US Trade Deal Sparks GIFT Nifty Rally: Market Set for Rocket Launch?
- •GIFT Nifty surged nearly 600 points, up 2.66% to 25,803, following news of an India-US trade deal agreement.
- •The rally is attributed to the US reducing reciprocal tariffs on India from 25% to 18%, boosting market sentiment.
- •US President Donald Trump stated India will purchase over $500 billion in products from the US, including energy, technology, and agriculture.
- •Export-oriented companies, especially in the textile sector (Gokaldas Exports, Pearl Global, KPR Mill, Welspun Living), are expected to benefit significantly.
- •The domestic market had already recovered on Monday, with Nifty up 250 points and Sensex gaining 1,000 points, setting the stage for a stronger Tuesday opening.
Why It Matters: A new India-US trade deal with reduced tariffs has ignited a strong rally in GIFT Nifty, signaling a bullish market.
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