Indian stock market today: Nifty 50 and Sensex soar to record highs after landmark India-US trade deal. FII inflows, sectoral gains, and Q3 earnings drive the rally.
Market Summary: A Landmark Rally
On February 3, 2026, Indian equities staged one of their strongest single-day rallies in recent years. The India-US trade deal, which cut tariffs on Indian exports to 18%, ignited a surge across sectors.
- Nifty 50 crossed 25,700, while Sensex jumped over 2,000 points.
- BSE market cap rose by ₹12 lakh crore.
- Export-driven sectors—Textiles, Pharma, IT—led the rally.
- FIIs injected ₹5,200 crore, flipping from sellers to aggressive buyers.
Despite intraday profit booking, the close was decisively bullish, with all sectoral indices in the green.
🔹 Benchmark Index Performance
| Index | Closing Level | Change (Points) | % Change |
|---|---|---|---|
| Nifty 50 | 25,727.55 | +639.15 | 2.55% |
| Sensex | 83,739.13 | +2,072.67 | 2.54% |
| Bank Nifty | 60,041.30 | +1,422.30 | 2.43% |
| Nifty Midcap 100 | 60,041.30 | +1,635.00 | 2.80% |
| Nifty Smallcap 100 | 17,260.00 | +469.00 | 2.80% |
🔹 Top Gainers & Losers
Top Gainers (Feb 3, 2026):
- Adani Enterprises: +10.38%
- Adani Ports: +9.12%
- Jio Financial: +8.10%
- Bajaj Finance: +6.67%
- Reliance Industries: +3.42%
Top Losers (Feb 3, 2026):
- Tech Mahindra: -0.44%
- Bharat Electronics: -0.35%
- ONGC: -1.48%
- Coal India: -0.44%
🔹 Global Market Impact
- Asia: Kospi +7%, Nikkei strong gains.
- Europe: Opened at record highs.
- US Futures: Positive as trade tensions eased.
🔹 Earnings & Sectoral Highlights
- Aarti Industries: Net profit up 189% YoY → stock +15%.
- Bajaj Finance: Net profit down 6% YoY, but NII growth +21% → stock +6.6%.
- Mankind Pharma: Net profit +9.4% YoY.
- Aditya Birla Capital: Profit +10% QoQ.
- Bharat Forge: Subsidiary secured ₹300 crore investment → stock +6%.
🔹 Upcoming Events
- RBI Policy (Feb 6): Focus on interest rates post-trade deal.
- IPOs: Grover Jewells & NFP Sampoorna open Feb 4.
- Trade Deal Implementation: Awaiting gazette notification.
🔹 FII/DII Data & Volatility Index
- India VIX: Down 6.99% to 12.90 → lower volatility.
- FII Net: +₹5,236 crore (Strong Buying).
- DII Net: +₹1,014 crore (Supportive).
❓ FAQs
Q1. Why did Nifty and Sensex rally today? Because of the India-US trade deal, which slashed tariffs on Indian exports to 18%, triggering FII buying and short-covering.
Q2. Which sectors benefit most? Textiles, Specialty Chemicals, Gems & Jewellery, and IT services.
Q3. What does the fall in India VIX mean? It signals reduced volatility and confidence in the bullish trend.
Q4. Why did Adani stocks surge? Adani Enterprises and Adani Ports are seen as key beneficiaries of increased trade flows.
Q5. Should investors buy before RBI policy? Markets are in “Buy on Dips” mode, but RBI’s stance on Feb 6 remains a key event.
Investment Perspective
This rally is a game-changer. With Nifty closing above 25,700, momentum is strong.
- Support: 25,600
- Resistance: 25,800 → breakout could target 26,200
- Themes to Watch: Export-oriented stocks, resilient financials
⚠️ Disclaimer: This report is for educational purposes only. Not investment advice. Please consult a SEBI-registered advisor before investing.
