Stock Market Today LIVE: On Tuesday, the domestic equity markets commenced with a remarkable surge, experiencing a significant increase in early trading, fueled by positive global signals following the announcement of an important India-US trade agreement.
At the opening bell, benchmark indices recorded unprecedented gains, indicating robust investor enthusiasm across various sectors.
The Nifty 50 index began its trading at 26,308.05, rising by 1,219.65 points or 4.86%, while the Sensex soared by 3,656.74 points or 4.48% to start at 85,323.20.
The markets kicked off on a highly positive note, demonstrating a substantial upward movement amid enhanced global risk appetite after the trade deal announcement.
The trends on Gift Nifty also signalled a massive gap-up opening for the frontline indices, Nifty 50 and Sensex today.
Gift Nifty was trading around 26,086 level, a premium of nearly 945 points from the Nifty futures’ previous close.
The announcement of the India-US trade deal lifted global risk sentiment, as the US will reduce its reciprocal tariffs on Indian goods to 18% from 25% and India will also reduce its tariffs and non-tariff barriers against the US to zero.
Global market cues remained positive as Asian markets rallied, and the US stock market ended higher overnight, led by technology stocks.
Stocks to watch
A total of 111 companies are set to release their third-quarter earnings on February 3. Some of the key companies expected to disclose their Q3 results include Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Bajaj Finance Ltd, Bharat Coking Coal Ltd, Varun Beverages Ltd, and NMDC Ltd.
Stay tuned to our Stock Market Today Live Blog for the latest updates.