Stock Market Live Updates: Indian benchmark indices extended their gap-up rally on Tuesday, holding firm gains after the long-awaited India–US trade deal was sealed late Monday. The agreement has lifted sentiment across Dalal Street, with investors cheering the easing of tariff-related uncertainties.
US President Donald Trump confirmed the deal, announcing a reduction in reciprocal tariffs on Indian goods to 18 per cent from 25 per cent. The development is being seen as a major positive for export-driven sectors and overall market confidence.
By 11 AM, the BSE Sensex was trading at 84,039, up 2,372 points or 2.90 per cent, while the Nifty 50 stood at 25,808, gaining 720 points or 2.87 per cent. Market breadth remained firmly positive, with 27 of the 30 Sensex constituents in the green. Leaders included Adani Ports, Bajaj Finance, Eternal, Bajaj Finserv, Reliance Industries, Infosys, Titan, M&M, L&T, IndiGo, Sun Pharma, Trent, HCL Tech and Maruti Suzuki, which rallied between 3 per cent and 7 per cent.
Broader markets also participated in the upmove. The Nifty Midcap 100 and Nifty Smallcap 100 were off their intraday highs but still traded 2.8–2.9 per cent higher. Sectorally, the Nifty Auto, IT, Metal, Bank, PSU Bank and Pharma indices each surged more than 3 per cent, reflecting widespread buying interest.
India–US trade deal impact
Textile counters were among the biggest gainers, as the tariff relief is expected to enhance their competitiveness in the US market. Shares of KPR Mill, Gokaldas Exports, Trident, Vardhman Textiles, Arvind Ltd and Welspun Living jumped 11–20 per cent during the session.
Market, industry leaders cheer deal
Prime Minister Narendra Modi welcomed the development, and market as well as industry leaders broadly endorsed the agreement. Observers say the deal removes a significant uncertainty that had been weighing on sentiment. Export-focused sectors such as gems and jewellery, machinery, equipment, and other trade-linked industries are expected to be in focus.
How markets closed in the previous session
Indian equities ended the February 2 session on a strong footing despite intraday volatility. The Sensex jumped 943 points to close at 81,666, while the Nifty advanced nearly 263 points to finish near 25,100.