Stock Markets Rally on India-US Trade Deal; Sensex, Nifty Surge Over 2.5%

Mumbai | February 3: Indian stock markets witnessed a sharp rally on Tuesday as benchmark indices ended significantly higher following the announcement of a trade deal between India and the United States. Under the agreement, the US will reduce reciprocal tariffs on Indian goods to 18 per cent, boosting investor sentiment.

The 30-share BSE Sensex opened on a positive note and surged to an intraday high of 85,871.73, climbing 4,205.27 points or 5.14 per cent. It later settled at 83,739.13, up 2,072.67 points, marking a 2.54 per cent gain.

Meanwhile, the 50-share NSE Nifty mirrored the uptrend, rising 639.15 points or 2.55 per cent to close at 25,727.55. During the session, it hit a peak of 26,341.20, registering a 4.99 per cent intraday gain of 1,252.8 points.

The surge reflects renewed optimism among investors, who welcomed the easing of trade barriers and the potential for stronger bilateral commerce between the two nations.