Stock Market Today February 03: Following the finalisation of a deal between India and the US, the Indian stock market opened with a strong surge, trading in positive territory. BSE Sensex opened approximately 3,657 points higher at 85,323.20, while NSE Nifty opened with a gain of 1,219.65 points at 26,308.05. At around 9:31 AM, the BSE Sensex was trading 2,254 points (2.76 percent) higher at 83,920.51, and NSE Nifty was up 691.30 points (2.76 percent) at 83,920.51. During this time, all Nifty indices were trading in the green.
Stock Market Today February 03
During trading, Sensex touched a high of 85,871.73, while Nifty reached 26,341.20. The broader market saw a strong rally, with both Nifty Midcap 100 and Smallcap indices gaining over 4 percent. Several sectors, including Nifty Auto, IT, Metal, Bank, PSU Bank, and Pharma, registered gains of more than 3 percent. Adani Ports was the top gainer, rising over 6.89 percent. Other top gainers included Bajaj Finance (4.90 percent), IndiGo (4.66 percent), Bajaj Finserv (4.39 percent), Eicher Motors (4.16 percent), L&T (3.70 percent), and Sun Pharma (3.63 percent). Only ITC shares saw a decline.
Asian Market Today
Asian markets also opened with a strong start. Japan’s Nikkei 225 index rose by more than 3 percent, South Korea’s KOSPI index jumped 4 percent, Taiwan’s Weighted Index increased by 1.46 percent, and Singapore’s Straits Times Index climbed 0.8 percent. Hong Kong’s Hang Seng index was trading 0.13 percent lower.
Trade Deal Impact on Stock Market
Markets were buoyed by the announcement of a trade agreement with India. This agreement comes months after the imposition of a 50 percent tariff on Indian goods in August 2025. It also includes a claim that India will stop buying Russian oil. Trump had previously imposed a 50 percent tariff on India, 25 percent of which was linked to the import of crude oil from Russia. The stock market rebounded after the trade deal between the two countries was finalised.
