| Market Pulse |
Tuesday, 3 February 2026 |
|
|
Market Snapshot
|
📊
Nifty 50
25,768.05
+2.71%
|
📈
Sensex
83,883.16
+2.71%
|
🏦
Bank Nifty
60,156.35
+2.62%
|
The Indian stock market saw a significant rally today, as both Nifty 50 and Sensex jumped 2.71%. This surge was largely driven by positive global trade developments, particularly the India-US trade deal, which slashed tariffs on Indian exports to 18%. This move enhances the competitiveness of Indian goods, especially benefiting sectors like metals, FMCG, and textiles. Additionally, the government's announcement of zero taxes on AI and tech through 2047 is expected to attract foreign investment, bolstering IT and infrastructure stocks. Despite foreign institutional investors (FIIs) selling ₹1,832.46 Cr, domestic institutional investors (DIIs) stepped in with robust buying of ₹2,446.33 Cr, supporting the market momentum.
|
|
|
The Big Story
|
📰 FEATURED
India offers zero taxes through 2047 to lure global AI workloads
ITInfra
|
|
Expect increased foreign investment in Indian AI and tech infrastructure.
WHY IT MATTERS
Zero tax offer aims to attract global AI investments, boosting Indian IT and infrastructure sectors.
|
|
|
|
Quick Takes
|
global macro • positive
|
|
Trump tariffs cut to 18%: Why India now has upper hand over China and Pakistan after US trade deal
|
|
Investors should consider export-oriented stocks as tariff cuts improve their prospects.
|
|
Read full report →
|
|
|
|
global macro • positive
|
|
India-US trade deal to offer relief to a third of exports hit hard by 50% tariff
|
|
Export-oriented sectors poised for growth; consider increasing exposure.
|
|
Read full report →
|
|
|
|
global macro • positive
|
|
Trump tariffs live updates: Trump says US, India agree to deal as Modi pledges to stop buying Russian oil
|
|
Positive sentiment for export-oriented sectors; energy sector may see cost benefits.
|
|
Read full report →
|
|
|
|
global macro • positive
|
|
Trump Cuts India Tariffs in Deal He Links to Russian Oil
|
|
Expect positive movement in export-driven stocks.
|
|
Read full report →
|
|
|
|
global macro • positive
|
|
US and India reach trade deal, Astrazeneca shares move to NYSE
|
|
Positive sentiment for pharma and metal stocks; export growth anticipated.
|
|
Read full report →
|
|
|
|
india macro • positive
|
|
India's forex reserves rise to record high of $709.41 billion, central bank data shows
|
|
Strong forex reserves bolster confidence in Indian financial markets.
|
|
Read full report →
|
|
|
|
|
|
FII / DII Activity
|
FII/FPI
Sold
₹1,832.46 Cr
|
DII
Bought
₹2,446.33 Cr
|
FIIs sold ₹1,832.46 Cr, DIIs bought ₹2,446.33 Cr. DIIs providing support against FII selling.
|
|
|
Market Breadth
Advances: 1297 ·
Declines: 452 ·
A/D Ratio: 2.87
Broad-based rally with strong market participation
|
|
|
Sector Performance
|
Realty
+5.0%
|
Fin Services
+3.5%
|
Metal
+3.4%
|
|
Infra
+3.2%
|
Pharma
+3.1%
|
Energy
+3.1%
|
|
PSU Bank
+2.9%
|
Auto
+2.7%
|
Bank
+2.6%
|
|
IT
+1.7%
|
Media
+1.7%
|
FMCG
+0.5%
|
Realty, Fin Services led gains while Media, FMCG underperformed. Cyclicals leading indicates risk-on appetite.
|
|
|
Top Gainers / Losers
|
Top Gainers
| Adani Enterpris |
+11.00% |
| Adani Ports |
+8.84% |
| Jio Financial |
+8.19% |
|
|
Top Losers
| PB Fintech |
-5.56% |
| Varun Beverages |
-3.25% |
| Intellect Desig |
-3.21% |
|
|
|
|
Technical Levels
|
Nifty 50
| Support |
25,262 / 24,756 |
| Resistance |
25,691 / 25,614 |
|
|
Bank Nifty
| Support |
59,801 |
| Resistance |
60,207 |
|
Nifty is in sideways trend. Trading above 200 DMA indicates medium-term strength.
|
|
|
Global Cues
| S&P Futures: +0.25%
Global cues mixed; expect range-bound opening
|
|
|
Commodities & Forex
|
Gold
₹1,53,050
+6.29%
|
Silver
₹2,69,195
+13.94%
|
USD/INR
Rs 90.14/USD
-1.23%
|
|
|
|
Macro / Economic Events
| 📌 |
5 earnings results expected |
|
|
| 📌 |
RBI Monetary Policy Decision |
|
|
|
|
|
Looking Ahead
| 👀 |
RBI Monetary Policy Decision |
|
|
|
|
Corporate Actions
|
Adani Ports
Q3 Results: Cons PAT jumps 21% YoY to Rs 3,054 crore, revenue rises 22%
|
|
|
Reliance
Explained: How Reliance Industries benefits from India‑US trade deal and why the stock went up 7%
|
|
|
ITC
Nintendo keeps Switch 2 forecast as device sales pass 17 million units
|
|
|
SBI
Mutual Fund raises stake in United Breweries to over 5%. Check details
|
|
|
Bajaj Finance
Q3 Results 2026 LIVE: Bajaj Finance share price zooms 6% — What to expect from this bluechip NBFC in Q3?
|
|
|
|
|
Earnings Calendar
|
Varun Beverages
3 Feb
|
Solar Industries India
3 Feb
|
Triveni Turbine
3 Feb
|
|
|
Market Pulse
Daily market intelligence, delivered.
newsletter.harinext.com ·
Unsubscribe
|