Markets clock biggest single-day gain since May 2025 as India-US trade deal sparks broad rally

The equity benchmark indices BSE Sensex and NSE Nifty closed with their biggest single-day gain since May 12, 2025, on Tuesday (February 3), as sentiment turned sharply positive following the announcement of a trade deal between the US and India. The rally was broad-based, with buying seen across sectors, market capitalisation segments and most frontline stocks.

BSE-listed companies together recorded a market capitalisation gain of over ₹12 lakh crore during the session. Frontline indices ended with gains of over 2%, with the Nifty closing above the 25,700 mark and the Sensex above 83,700. All sectoral indices finished in the green, posting gains of up to 5%.

The Sensex jumped 2,073 points to settle at 83,739, while the Nifty rose 639 points to end at 25,728. The broader market also participated in the upmove, with the midcap index advancing 1,640 points to 59,307. Banking stocks outperformed, with the Nifty Bank climbing 1,422 points to close at 60,041.

Also Read: BSE-listed companies add ₹20 lakh crore in market cap after India-US trade deal

Market breadth remained firmly in favour of advances. On the Nifty, 47 of the 50 constituent stocks closed higher, with individual stocks rising as much as 11%. On the NSE, the advance-decline ratio stood strong at 6:1, underscoring the widespread nature of the rally.

Sectors with exposure to US trade saw sharp moves during the session. Textile, shrimp and chemical stocks witnessed strong buying interest. Most textile and shrimp stocks hit their upper circuits. Faze Three, Avalon, Gokaldas, Avanti Feeds and Welspun Living ended the day with gains of 20% each.

Gems and jewellery stocks also saw a sharp rally, with Goldiam, Rajesh Exports and other stocks in the segment gaining up to 20%. In the financial space, Bajaj Housing Finance rose 2%, while Mobikwik and Ather Energy surged up to 20% following their Q3 results.

Also Read: India-US Trade Deal: SRF, Navin Fluorine, Neogen Chemicals shares in the spotlight

Among other stock-specific moves, UPL extended Monday’s gains and rose 6% after a strong showing in the third quarter. Chola Investment Finance advanced 7% after positive commentary from the company. On the downside, PB Fintech slipped 6% as the company looked to raise funds for an acquisition in international markets. Varun Beverages, which missed estimates in Q3, ended the session 9% off its intraday highs.