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Nifty, Sensex rally sharply as India-US trade agreement slashes tariffs
Updated On: 03 February, 2026 02:47 PM IST | Mumbai | mid-day online correspondent
Indian equities rebounded sharply after Union Budget 2026, with Nifty and Sensex rising nearly 3 per cent, boosted by the India-US trade deal cutting tariffs from 25 per cent to 18 per cent, triggering broad-based buying across sectors
Indian stock markets soar 3 per cent as India-US trade deal slashes tariffs
After a sudden decline in market indices on the day of Union Budget 2026, the Indian equity markets have surged sharply by around 3 per cent early on Tuesday. With broad-based buying across sectors, Nifty opened and experienced a significant gain, while Bank Nifty and Sensex also saw a significant rise.
As of 9:25 am, Sensex on Tuesday added 2,421 points, or 2.97 per cent, to reach 84,088, while the Nifty50 gained 741 points, or 2.96 per cent, to settle at 25,829, as per IANS.
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