Stock Market Today Highlights: Today, the Indian stock market witnessed a remarkable surge following the announcement of a significant trade agreement between India and the US.
The benchmark indices rose nearly 5% within a single trading session, showcasing robust investor enthusiasm. The Sensex soared by 2.54% to finish at 83,739, while the Nifty 50 increased by approximately 2.55% to end at 25,727, representing one of the most powerful one-day rallies in recent memory.
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 much-awaited 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 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.
Q3 results
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.