Last Updated on February 3, 2026 11:35 pm by BIZNAMA NEWS
BUSINESS CORRESPONDENT
Markets witnessed a sharp rally on Tuesday, with the Sensex soaring 2,072.67 points or 2.54 per cent to close at 83,739.13, marking its biggest single-day gain in terms of points since November 22, 2024, when it had jumped 1,961.32 points. FPIs returned as big buyers on Tuesday, thanks to the Indo-US trade deal.
The Nifty 50 surged 639.15 points or 2.55 per cent to settle at 25,727.55, driven by a landmark India-US trade agreement that significantly eased tariff concerns. The Nifty, in fact, opened higher at 26,308.05 and rose further to 26,341.20, almost near its all-time high of 26,373.20, before turning weak from the peak.
Export-Oriented Sectors
Analysts highlighted that the easing of tariff barriers has lifted a long-standing overhang on export-driven industries. Engineering goods, fisheries, textiles, chemicals, and auto ancillaries are expected to benefit from improved competitiveness in the US market. The withdrawal of punitive levies linked to Indo-Russian oil trade further reduces cost pressures, enhancing visibility of earnings across these segments.
Financials & Banking
Financial stocks led the rally, with the Nifty Financial Services index climbing 3.27 per cent and the Nifty Bank advancing 2.43 per cent to touch fresh highs. Bajaj Finance and Jio Financial Services were among the top gainers, reflecting optimism that stronger trade flows and currency stability will translate into improved credit demand and profitability for lenders.
Realty & Infrastructure
Realty stocks surged nearly 4.8 per cent, the highest among sectoral indices, buoyed by expectations of increased capital inflows and infrastructure investments linked to deeper bilateral ties. Adani Enterprises and Adani Ports exemplified this momentum, rising over 10 per cent and 9 per cent respectively, on hopes of gains from energy trade and logistics expansion.
Energy & Commodities
Energy counters rallied on prospects of stronger Indo-US cooperation in oil and gas trade. The rupee’s sharp appreciation of 1.40 per cent against the dollar further boosted sentiment in import-dependent sectors. In commodities, gold and silver showed early signs of stabilisation after last week’s steep selloff, suggesting investors are reassessing the structural outlook.
Pharma & Consumer
Pharma stocks gained on expectations of smoother regulatory pathways and lower input costs, while consumer durables and IT services were flagged as secondary beneficiaries of improved export competitiveness. InterGlobe Aviation rose 5.57 per cent, reflecting optimism in travel and services demand.
Market Breadth & Outlook
Broad participation was evident, with midcaps and smallcaps rising nearly 3 per cent each. Market capitalisation of BSE-listed firms jumped by ₹12.10 lakh crore, underscoring the scale of the rally. Analysts expect momentum to continue, though caution remains around the 25,400–25,500 Nifty zone ahead of the RBI policy review. The India VIX’s 7 per cent decline to 12.89 signals easing anxiety, but intraday volatility suggests traders remain alert to global cues.
