Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades over 800 points higher after India-US mega trade deal
Published on 03/02/2026 07:00 AM
GIFT Nifty, an early predictor of how Indian shares are likely to start trading, has jumped about 800 points after the US and India agreed to negotiate a trade deal, under which the reciprocal tariff on India, which stood at 25%, will be cut down to 18%.
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The India-US trade deal triggered a massive spike in the GIFT Nifty, which is an early indicator of how markets are likely to start off.
After the deal announcement, the GIFT Nifty ticks on the NSE website showed an upmove of as high as 800 points at one point of time.
The implied open figures will be out shortly.
The deal was first announced by US President Donald Trump on his Truth Social, before PM Modi posted about it on his Social Media handle on “X.”
The deal also removes a major overhang on the Indian markets, also a major reason behind the underperformance last year compared to other major global peers.
Boy! What a night it has been! Just a few hours earlier. India and the US announced a historic trade deal after months and multiple rounds of negotiations.
The deal will result in US tariffs on Indian exports being dropped to 18% from 50% immediately.
More details in coming posts.
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Welcome to CNBC-TV18’s live coverage of the Indian stock markets, right after the historic India-US trade deal has been announced.
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