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Stock Market Today LIVE: On Tuesday, 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 an important 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 trends on Gift Nifty also signalled a massive gap-up opening for the frontline indices, Nifty 50 and Sensex today.

Gift Nifty was trading around 26,086 level, a premium of nearly 945 points from the Nifty futures’ previous close.

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.

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.

Sensex Today | Stock Market LIVE: The Indian rupee appreciated 119 paise to 90.30 against the US dollar amid India-US trade deal announcement which cut US tariffs on India to 18%. At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.20% lower at 97.43.

Sensex Today | Stock Market LIVE: According to Ponmudi R, CEO of Enrich Money, Nifty 50 opened with a strong gap-up around 26,300, close to its all-time high of 26,373. Momentum indicators have turned decisively bullish, with RSI moving firmly above 50 and breaking out of the neutral zone, while MACD has registered a strong bullish crossover. The index is now trading comfortably above all key moving averages (20, 50, 100, and 200 DMA), underlining the strength of the ongoing uptrend.

“Immediate support has shifted higher to the 25,400–25,500 zone, which now acts as gap support and prior resistance. On the upside, resistance is placed at 26,000 (psychological) and the record-high zone near 26,373. A sustained move above the highs could pave the way for further upside, keeping the intraday outlook strongly bullish,” said Ponmudi.

Sensex Today | Stock Market LIVE: According to Divam Sharma, Co-Founder and Fund Manager at Green Portfolio PMS, the India-US trade deal is a massive positive, arriving just when we needed it most after a budget that prioritized tactics over populism. With valuations corrected and fundamentals rock-solid, this should draw FIIs back to Indian markets in the short term.

A large chunk of US FII capital will likely shift here, viewing India as the premier strategic play among emerging markets. The current high pessimism? It’ll get trapped in a sharp rally fueled by short covering. DIIs and retail will pile in, amplifying flows from all sides—get ready for the upside!

Sensex Today | Stock Market LIVE: The trade agreement with the US highlights concerns from Washington and requests the reduction of high Indian tariffs in sectors such as auto, as stated by a government official, according to Reuters.

Sensex Today | Stock Market LIVE: According to Rahul Kalantri, VP Commodities, Mehta Equities ltd, rupee extended its gain after the Union Finance Minister provided tax holiday to big data center companies up-to 2047 to attract foreign exchange. The US-India trade deal announcements and recovery in the domestic equity markets also supported the rupee.

“We expect rupee to remain volatile this week amid volatility in the dollar index, volatility in the domestic equity markets and geo-political tensions and a pair could trade in the range of 89.00-92.40 this week,” said Kalantri.

Sensex Today | Stock Market LIVE: As per reports, Jefferies has decreased its IT investments and boosted its allocation to metals, adopting an overweight position on materials following recent declines in the sector.

The brokerage identified Hindustan Zinc and JSW Steel as its top choices.

Hindustan Zinc provides appealing exposure to silver and zinc, supported by a significant cost advantage. With spot silver prices approximately 50% higher than the average from the December quarter, Jefferies anticipates a 41% growth in EBITDA for FY27.

JSW Steel is projected to experience a notable sequential improvement in earnings as domestic steel prices increase due to safeguard duties and China's anti-dumping actions.

The brokerage forecasts that JSW Steel's EBITDA will increase by 34% quarter-on-quarter in the March quarter and by 45% year-on-year in FY27.

Jefferies has substituted Godrej Consumer Products with Eternal in its model portfolio, highlighting robust growth and improved margins in quick commerce and food delivery.

Sensex Today | Stock Market LIVE: President Donald Trump announced his intention to reduce punitive tariffs on India in exchange for a commitment from Prime Minister Narendra Modi to halt the import of Russian oil, thereby alleviating ongoing tensions between the two nations.

After a conversation with Modi, Trump communicated via social media that he would decrease a US tariff on Indian products from 25% to 18%. Additionally, the US president plans to lift an extra 25% duty that was imposed in response to India's purchase of crude oil from Russia, according to sources knowledgeable about the situation.

Sensex Today | Stock Market LIVE: Gold and silver prices on the Multi Commodity Exchange of India (MCX) opened sharply higher on Tuesday. MCX gold rate today for April futures contracts opened 2.78% higher at ₹1,48,000 per 10 grams level as against its previous close of ₹1,41,669 level. MCX silver price for March futures contracts opened 4% higher at ₹2,45,711 per kg as compared to its previous close of ₹2,36,261 level.

Sensex Today | Stock Market LIVE: Indian government bonds rallied in early trade as a US–India trade deal sparked fresh buying on hopes of more foreign inflows amid a firmer rupee. The benchmark 10-year bond yield was at 6.7302% against 6.7662% at the previous close.

Sensex Today | Stock Market LIVE: Textile stocks including Gokaldas Exports Ltd, Welspun Living Ltd, KPR Mill Ltd, and Indo Count Industries Ltd, which suffered significantly after US President Donald Trump imposed a 50% tariff on Indian exports, jumped by as much as 20% on Tuesday, February 3. This increase followed an agreement on a trade deal between India and the US, announced by Trump and Prime Minister Modi on their social media accounts late Monday night.

According to the agreement, Indian exports will now face an 18% tariff to the US, which is less than the 20% tariff imposed on other garment-exporting countries, Vietnam and Bangladesh.

Sensex Today | Stock Market LIVE: The rupee recorded its largest increase in over three years, while the stock market experienced its most significant rise since 2021 following the US's substantial reduction of tariffs on Indian products, enhancing investor confidence in the country's assets.

This agreement offers essential support for the faltering currency, which was the weakest performer in Asia during January, as global investors continued to sell off Indian stocks at the start of the year. Equities are now set to break their trend of lagging behind regional counterparts, as the agreement alleviates a major concern affecting financial assets.

According to reports, the currency may possibly return to the 90 per dollar mark shortly, as suggested by HDFC Securities Ltd. However, a crucial aspect to monitor will be the price points at which the Reserve Bank of India might purchase dollars to replenish its reserves, as noted by Australia and New Zealand Banking Group.

Sensex Today | Stock Market LIVE: Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities said - After months of negotiation the trade deal between US-India was finally announced. The specifics are yet to be known but prima- facie, the 25% additional (Penal) tariffs will no longer be levied for buying Russian Oil. The reciprocal tariff will be slashed to 18% instead of 25%.

“We believe that this is a great boost for the already sombre sentiments as Indian goods will now be able to compete on the US soil. However, one must also remember that exports to the US is a small part of our US$ 4 trillion GDP. So yes the trade deal is good for the economy and markets in the short term but one must not expect miracles out of it. The market is expected to gap up higher as there are many short positions in the system which will get squared off. But we must look for fresh long built up for the trend to sustain,” said Sheth.

Stock Market Today LIVE: On Tuesday, 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 an important 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 percent, while the Sensex soared by 3,656.74 points or 4.48 percent 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.

Stock Market Today LIVE: Market Opening Flash

Stock Market Today LIVE: Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments said - “The dramatic announcement of the long-awaited US-India trade deal and the US decision to cut tariffs on India from 50% to 18% is a game changer for the Indian economy and stock markets. The deal getting delayed was the single important factor that was weighing on the markets. The impact of the deal will be manifold: One, India’s growth rate will rise to around 7.5% in FY27 assisted by higher exports to the US.”

Stock Market Today LIVE: Sensex, Nifty 50 jumps 5% in pre-opening

Stock Market Today LIVE: Indian Rupee opens up 1.2% at 90.40 per US dollar; previous close 91.5125

As per reports, Bank of America (BofA)has indicated that the effective tariffs in the India-US agreement could significantly decrease from approximately 35% to 12-13%, while also lifting penalties on Russian oil, which enhances India’s competitive edge in the region. This is a significant boost for industries like Gems & Jewellery, Textiles, Agricultural products, and Engineering goods. Anticipate an increase in growth momentum fueled by the India-US trade advancement.

Stock Market Today LIVE: According to reports, Jefferies notes that stocks and sectors that are highly exposed to the US market or sensitive to fluctuations in crude sourcing may benefit.

This includes automotive components like Sona Comstar and Bharat Forge, chemical firms such as Navin Fluorine, PI Industries, and SRF, solar companies like Waaree, Premier Energies, and Emmvee, textile giant Welspun Living, and businesses within the Adani Group.

Nonetheless, the brokerage warned that if the landed cost of imported oil or gas from the US is higher, it could adversely affect oil marketing companies.

Stock Market Today LIVE: Madhavi Arora, Chief economist, Emkay global said that - While we await the final print of the deal, indications suggest that the additional punitive 25% tariff risk has been removed, and the base tariff has been reduced from 25% to 18%. This brings India broadly in line with its Asian peers on tariff rates—at the very least eliminating the earlier unfair and disproportionate drag on exports and, by extension, the INR.

There are no incremental advantages or preferential placements vis-à-vis Asian peers, but restoring a level playing field is a meaningful reset point from a trade perspective.

Stock Market Today LIVE: Indian textile stocks, such as Gokaldas Exports Ltd, Welspun Living Ltd, KPR Mill Ltd, and Indo Count Industries Ltd, which suffered significantly due to the 50% tariff imposed on Indian exports by US President Donald Trump, will be in focus on Tuesday, February 3. This comes after India and the US reached a trade agreement late Monday night, as announced by Trump and Prime Minister Modi on their social media channels.

Stock Market Today LIVE: As per a report from Reuters, the Indian rupee rebounded in the non-deliverable forward market following the trade agreement between India and the United States, raising hopes for increased foreign investments.

The one-month dollar/rupee NDF indicates that the market is set to open at around 90.15–90.25, compared to the previous level of 91.5125.

Stock Market Today LIVE: According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, the bulls are likely to be everywhere at Dalal Street. Keep your Nifty 50's all-time high cap ready.

“Nifty 50 is set to jump out of the gate after Trump says 'agreed to a trade deal' with India, lowers rate from 25% to 18% after phone call with PM Modi,” said Tapse.

Stock Market Today LIVE: According to news reports, Jefferies highlighted that worries about the absence of AI-driven growth prospects, a depreciating rupee, and the lack of a trade agreement with the US have significantly impacted investor sentiment towards India.

In the last 16 months, foreign portfolio investors have withdrawn $34 billion from Indian markets.

A review of 63 emerging market funds with a total of $330 billion in assets under management indicates that India's relative allocation has fallen below benchmark standards, with nearly 60% of these funds currently being underweight in India.

The brokerage anticipates that the outlook for the rupee will improve significantly in the future.

The United States continues to be India's largest destination for goods exports, representing $87 billion or 18% of overall exports. Jefferies noted that the trade agreement enhances prospects for labor-intensive industries like textiles.

Stock Market Today LIVE: Brokerage firm Jefferies anticipates that industries like auto components, solar production, chemicals, textiles, and companies within the Adani Group will be significant beneficiaries of the trade agreement between India and the US.

Stock Market Today LIVE: US President Donald Trump announced that he had a conversation with Indian Prime Minister Narendra Modi and revealed a set of trade agreements aimed at enhancing the relationship between the United States and India. He mentioned that the US would lower the tariffs it imposes on imports from India from 25% to 18%.

Stock Market Today LIVE: Asian markets saw an increase on Tuesday following the trade agreement between the US and India. Japan's Nikkei 225 surged by 2.44%, and the Topix advanced by 1.94%. South Korea's Kospi soared more than 5%, prompting a buy sidecar, while the Kosdaq climbed by 2.32%. Futures for Hong Kong's Hang Seng index suggested a positive opening.

Stock Market Today LIVE: The Indian stock market indices, Sensex and Nifty 50, are expected to see a rally on Tuesday, extending gains from previous session, after the US President Donald Trump announced a trade deal between the US and India, following his conversation with Prime Minister Narendra Modi.

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