Indian benchmark indices explode as India-US agree to trade deal:Sensex skyrockets 4,200 points; Nifty soars past 26,000 level

Indian stock markets exploded on Tuesday, 3 February, 2026 as the US President Donald Trump said that India agreed to a trade deal. At opening, the 30-companies Sensex skyrocketed 4,205.27 points to 85,871.73 points. Similarly, the 50-companies Nifty 50 jumped 1,252.8 points to 26,341.20 points in early trade. Both the benchmark indices opened with huge gap-ups. All 30 Sensex constituents in green zone: All the 30 Sensex stocks traded in green in early session with stocks like Adani Ports, Bajaj Finance, Eternal, Indigo, Bajaj Finserv, and Reliance leading the pack. Nifty Realty shoots up 4.65% The Nifty Realty rose highest at opening as the thematic index jumped 4.65% followed by auto, financial services, IT, etc. Nifty – Top Gainers Reason why Sensex skyrocketed over 4,200 points on Tuesday! The American president said on Monday that following his conversation with India’s Prime Minister Narendra Modi, both the countries have agreed to a ‘Trade Deal’ whereby the US will reduce ‘reciprocal tariffs’ on Indian goods from 25% to 18% and claimed that later on India would reduce tariffs on US goods to 0%. Following Trump’s Truth Social post, Modi also tweeted on ‘X’ regarding the trade deal and thanked his ‘dear friend’ on behalf of the 1.4 billion people of India for the ‘wonderful announcement.’ Find below Modi’s ‘X’ post on India-US trade deal: Effective tariffs now stand at 18% on Indian exports to America Asian shares advance Tuesday: Rupee gains 119 paise Rupee also gained 119 paise and rose to 90.30 against the US dollar in early trade on Tuesday. Foreign investors sold shares worth ₹1,859 crore on 2 February The market was bullish on Monday On 2 February, a day after the budget, the stock market was bullish. The Sensex rose by 943 points to close at 81,666. The Nifty also climbed 262 points, closing at 25,088.