Feb 03, 2026, 3:47 pm IST
Closing Bell: Market Ends Higher
Benchmarks closed sharply higher on Tuesday, with the Sensex surging 2,034.29 points, or 2.49%, to settle at 83,700.75, while the Nifty 50 jumped 639.15 points, or 2.55%, to end at 25,727.55. The Indian rupee also posted a strong rally, appreciating 1.36% to close at 90.2650 against the US dollar, compared with its previous close of 91.5125.
Feb 03, 2026, 3:28 pm IST
US Tariff Reduction Opens Big Opportunity for Indian Jewellery Exporters
"The reduction in US tariffs marks a pivotal moment for India’s gems and jewellery sector. It is not merely a financial adjustment, but a recognition of the unmatched artistry and craftsmanship that our industry brings to the world. By lowering barriers in one of the largest consumer markets, our exporters will gain a stronger foothold, while our artisans will see their creations reach new audiences With this opportunity, Indian jewellery will shine brighter than ever, not only as a product but as a cultural symbol of excellence." said Rajesh Rokde, Chairman, All India Gem and Jewellery Domestic Council (GJC)
Feb 03, 2026, 3:27 pm IST
Trade Deal Opens Window for Exporters to Rebuild Demand
“The India-US trade agreement is about reducing friction between two deeply linked markets. For Indian exporters, the biggest gain is improved predictability. They get clear pricing, fewer disruptions, and more confidence in planning production and capital. If used well, this agreement gives exporters a practical window to stabilize operations, rebuild demand, and deepen India’s role in global supply chains.” said Pushkar Mukewar, Founder and CEO, Drip Capital
Feb 03, 2026, 3:27 pm IST
Textiles, Pharma, Chemicals Among Biggest Winners of India–US FTA
“The India–US FTA is far more than a trade arrangement it signals a strategic reset in the economic partnership between the world’s oldest and largest democracies. Coming close on the heels of the India–UAE agreement, Sectors with deep Indian capability stand to gain immediately. Textiles and apparel can re-emerge as global champions with duty rationalisation and rules-of-origin clarity. Pharmaceuticals and life sciences will benefit from faster approvals and trusted-partner frameworks. Fisheries, agri-processing and specialty chemicals gain scale through assured demand and standards alignment.” said Dinesh Kanabar, CEO and Chairman, Dhruva Advisors
Feb 03, 2026, 3:27 pm IST
Textile Exports to US Set for Revival After Tariff Rollback
“The recent India US trade agreement, which has led to a significant rollback of punitive tariffs and reduced US duties on Indian goods to a more competitive level, is a watershed moment for export oriented sectors like textiles and apparel. Indian textile exports to the US were under pressure due to the tariff overhang, impacting clusters such as Tiruppur and other MSME hubs. With these barriers now easing, we expect a revival in export demand, healthier order pipelines and improved pricing power for exporters.” said Salee S Nair MD & CEO of Tamilnad Mercantile Bank
Feb 03, 2026, 3:27 pm IST
Stronger Rupee Brings Stability for Lenders
“Macroeconomic developments often feel abstract, but their impact is felt most clearly at the household level. A stronger rupee, driven by improving investor confidence, brings a degree of stability to the financial system that benefits everyone. For lenders, it creates greater clarity around capital availability and enables more confident, well-planned credit decisions. For citizens and small businesses, it translates into better affordability, clearer financial planning, and fewer sudden disruptions. Over time, this kind of stability is what enables responsible lending and meaningful financial inclusion, rather than short bursts of growth followed by volatility.” Shruti Aggarwal, Co-founder, Stashfin
Feb 03, 2026, 3:01 pm IST
Manufacturing Sector Rejoices
“The India–US trade agreement, which reduces reciprocal tariffs to 18% for manufacturing, is a clear positive for India’s EMS and ESDM sectors. The move provides much-needed clarity on trade costs and significantly improves export visibility. For the design led Manufacturing or ODM, this creates a more predictable environment to plan capacity expansion, deepen localisation, and integrate further into global electronics supply chains, while reinforcing India’s role as a credible long-term manufacturing partner.” said Sneh Shah, Whole Time Director, Aimtron Electronics
Feb 03, 2026, 2:54 pm IST
India’s gem and jewellery industry Sees growth Ahead
"The US–India tariff reduction marks a decisive turning point for India’s gem and jewellery industry and significantly strengthens our growth outlook. Bringing duties down from 50% to 18% restores the competitiveness exporters had temporarily lost and creates a level playing field in one of our largest markets. With the US contributing nearly a third of industry demand, this relief directly improves margins, cash flows, and capacity utilization across cutting, polishing, and manufacturing centres.” said Rajeev Toshniwal, Chief Financial Officer, Kisna Diamond & Gold Jewellery .
Feb 03, 2026, 2:28 pm IST
Bank Nifty Outlook
“Bank Nifty crossed the key psychological 60,000 mark and scaled a fresh all-time high near 61,765. The index continues to show clear relative strength and leadership in the broader market rallyl. The near-term outlook stays firmly bullish, with heavyweight banks such as HDFC Bank, ICICI Bank, and SBI expected to lead the momentum. As long as Bank Nifty sustains above 60,000, the bullish structure remains intact, and any minor dips towards 59,800–59,500 are likely to attract buying interest” said Ponmudi R, CEO of Enrich Money
Feb 03, 2026, 2:06 pm IST
Trade Agreements Open New Market Access for Indian Textiles, Autos, Tech & Agriculture
"Alongside India’s recent trade arrangements with the EU, it improves market access and demand prospects for Indian exports across sectors such as textiles, automobiles, auto components, technology, and agriculture. For export-oriented MSMEs, the lower tariff structure enhances price competitiveness compared to peer economies resulting in sustainable, long term multiplier value creation not only for India but also for the global economy.” Said Munindra Verma, CEO, M1 NXT
Feb 03, 2026, 1:41 pm IST
A Win-Win News For Everyone
“Beyond tariffs, the deal signals renewed strategic trust. Trade policy is being aligned with broader goals resilient supply chains, clean energy cooperation, and technology partnerships in semiconductors and defense manufacturing. Indian consumers also stand to benefit as previously expensive US and EU luxury and high-value products become more affordable, boosting purchasing power. As relative attractiveness shifts back toward India from ASEAN markets, a reversal of recent FII outflows could further strengthen Indian equity markets. This is a win-win news for everyone.” said Nachiketa Sawrikar, Fund Manager, Artha Bharat Global Multiplier Fund
Feb 03, 2026, 1:31 pm IST
A Major Boost For The ‘Made in India’ Brand
'The finalisation of the India-US trade deal is a watershed moment for our nation and a major boost for the ‘Made in India’ brand. I congratulate the Government of India on this historic achievement. Coming on the back of recent trade agreements with the EU and the UK, this deal reinforces India’s growing confidence and credibility on the global stage and lays the foundation for sustained growth and stronger international partnerships.' said Ajay Singh, Chairman and Managing Director, SpiceJet
Feb 03, 2026, 1:19 pm IST
Rupee May See Modest Upside Post India–US Trade Deal
“The Indian Rupee has remained relatively weak versus Asian peers. The recent trade agreement and tariff reduction to 18% open the door for modest appreciation, but the pace and extent will depend on RBI intervention thresholds..Foreign inflows may improve at the margin, though a sharp shift is unlikely as global investors remain focused on AI, quantum, memory, and data-center themes. The USD/INR pair to find Support Near Term at 90.00, then 89.30, Resistance at 91.00 and 91.50” said Anindya Banerjee, Head Currency and Commodity Research, Kotak Securities.
Feb 03, 2026, 12:55 pm IST
Nifty Top Gainers
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Feb 03, 2026, 12:55 pm IST
Sensex TOP Gainers
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Feb 03, 2026, 12:54 pm IST
Sensex Gains Nearly 3%
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Feb 03, 2026, 12:23 pm IST
The Deal Isn’t a Cure-all, But It Can Reduce Uncertainty
“This India–US trade step reads as a pragmatic exchange rather than a headline-grabbing pact. India agrees to trim select trade barriers and boost purchases of US crude moves aimed at securing energy, calming inflation, and supporting manufacturing. In return, the United States will lower reciprocal tariffs to about 18%, easing export costs for Indian firms. The plan’s strength is its mutuality: India protects domestic priorities through targeted concessions, while the US opens market access that fuels growth and jobs.” said Akshat Garg, Head - Research & Product of Choice Wealth
Feb 03, 2026, 12:11 pm IST
US Tariff Cut Could Boost India’s Export Competitiveness
“If the proposed reduction of US tariffs on Indian goods from 50% to 18%, as indicated by Donald Trump materialises, it would be meaningful for India’s export ecosystem. Lower tariffs improve price competitiveness, support operating margins, and can revive demand across key export-driven sectors such as pharmaceuticals, textiles, engineering goods and auto components.From a market perspective, this could strengthen near-term sentiment for export-oriented stocks.” says Pranay Aggarwal, Director and CEO of Stoxkart
Feb 03, 2026, 12:01 pm IST
"He has cracked such a major deal for India.." says BJP MP Kangana Ranaut
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Feb 03, 2026, 11:47 am IST
India–US Trade Deal Spurs Cautious Optimism
"The market’s reaction reflects relief that tariff uncertainty may be easing, with the reported 18% US tariff offering comfort to Indian exporters. While we remain cautiously optimistic and the underlying economy continues to be fundamentally bullish, this is not a case for irrational exuberance. The real impact will hinge on final details particularly around agricultural imports, where any market opening must be carefully calibrated to protect domestic farmers and rural livelihoods." said Aditya Sesh, Founder & MD, Basiz on the India-US Trade Deal.
Feb 03, 2026, 11:31 am IST
Lower Tariff Enhances Competitiveness For India’s Export-Oriented Sectors
“The newly announced India–US trade agreement is a constructive development for India’s capital markets, overall trade, and long-term economic prospects. By reducing the effective US tariff on Indian goods to 18%, this deal restores predictability for Indian exporters after a period of tariff escalation that saw duties spike as high as 50%. The clearer, lower tariff regime enhances competitiveness for India’s export-oriented sectors - such as textiles, engineering goods, chemicals, and auto components - making Indian products more price-competitive in the US market and supporting export growth.” said Mahavir Lunawat, CMD, Pantomath Capital.
Feb 03, 2026, 11:20 am IST
Textile and Apparel Exporters Gain
“The India–US trade deal has meaningfully improved the outlook for India’s textile and apparel exporters by lowering tariff barriers and restoring price competitiveness in the US market. For a sector that has spent the last two years grappling with inventory destocking, weak demand, and margin pressure, this development acts as a structural relief rather than a short-term sentiment trigger. Said Harshal Dasani, Business Head, INVasset PMS.
Feb 03, 2026, 11:06 am IST
"This deal puts India and the US together." Says Ashish Kumar Chauhan, MD & CEO, NSE
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Feb 03, 2026, 10:58 am IST
New Export Opportunities for Textiles Ahead
“The agreement is a structural shift that removes these tariff barriers and improves market access which enhances price competitiveness, strengthens integration with European supply chains, and unlocks new export opportunities. We believe sustained focus on quality upgrades, compliance standards, and capacity expansion will be key to fully leveraging this agreement, driving growth for both Indian textile manufacturers and the country’s global trade footprint.” said Suketu Shah, CEO, Vishal Fabrics
Feb 03, 2026, 10:49 am IST
Nifty 50 Soars 2.75%
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Feb 03, 2026, 10:47 am IST
Sensex Crosses 84,000
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Feb 03, 2026, 10:41 am IST
Emkay Global on India -US trade deal
"The conclusion of the India-US trade deal, announced late night on 2-Feb, should trigger a strong rally in Indian equities. This provides significant relief to the stressed financial markets and should trigger rallies in the rupee and short-term rates, in our view. We also anticipate strong FPI buying on the back of reasonable valuations and an earnings recovery. Chemicals, Textiles, and Autos are the direct beneficiaries. Our Dec-26 Nifty target of 29,000 remains unchanged," Emkay Global on India -US trade deal
Feb 03, 2026, 10:15 am IST
"Self-confidence is the power by which everything is possible." Says PM Modi
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Feb 03, 2026, 10:07 am IST
India–US Trade Pact Lifts Export-Led Equity Outlook
''The landmark India-US trade agreement removes the overhang that has clouded the outlook for Indian equities, triggering a sentiment reversal for global investors who had paused allocations due to tariff fears. By capping tariffs at 18% and establishing a framework for reciprocal market access, this deal transforms a major geopolitical risk into a structural tailwind, particularly for export-heavy sectors like IT Services, Textiles, and Auto Ancillaries that were bracing for steeper duties. The removal of these trade frictions is expected to revive foreign portfolio inflows (FPI), which have been the missing piece in recent market consolidation, thereby supporting valuation premiums.”' said Prasenjit Paul, Equity Research Analyst at Paul Asset & Fund Manager at 129 Wealth Fund
Feb 03, 2026, 10:00 am IST
PM Modi Says, "Big thanks to President Trump on behalf of the 1.4 billion people of India"
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Feb 03, 2026, 9:56 am IST
"This will help END THE WAR in Ukraine" Says Donald Trump
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Feb 03, 2026, 9:53 am IST
Rupee Recovers on Improves Sentiments
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Feb 03, 2026, 9:42 am IST
India-US Trade Deal Live : Market Reacts Positively
The Sensex surged 2,341.53 points, to open at 84,007.99, while the Nifty 50 jumped 717.75 points to start the day at 25,806.15.
Feb 03, 2026, 9:37 am IST
Key Terms of the India US Trade Deal
As part of the agreement, India has committed to halting imports of Russian oil, instead pivoting towards energy supplies from the United States and potentially Venezuela. In return, Washington has scrapped the previously announced oil-linked tariff, giving India a competitive advantage over other exporting nations such as China, Pakistan, and Bangladesh, which are still facing higher duty rates.
Feb 03, 2026, 9:37 am IST
India-US Trade Deal Live : Welcome Reader!!
Good Morning & Welcome to Our Live Blog on the US- India Trade Deal. We bring real-time updates on the landmark trade agreement, tariff cuts, market reactions & more
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