Mumbai | February 3, 2026
Indian equity markets are expected to open with a strong gap-up on Tuesday, February 3, 2026, driven by a major positive trigger—the historic India–US trade deal under which the United States has reduced tariffs on Indian goods from 25% to 18%.
The announcement has significantly improved risk sentiment across domestic and global markets, setting the stage for a sharp rally at the opening bell.
📊 Market Sentiment: Strongly Positive
GIFT Nifty Signals a Big Jump
Early trends from GIFT Nifty indicated a massive gain of around 700–900 points, pointing toward a powerful bullish start for benchmark indices.
Global Markets Support the Rally
Asian markets also traded higher after the trade deal announcement. Japan’s Nikkei 225 and South Korea’s KOSPI saw strong gains, adding to the positive global cues.
🔥 Trending Sectors to Watch Today
💻 IT & Pharma Stocks
Export-oriented sectors like IT and pharmaceuticals are expected to see strong buying interest, as lower US tariffs improve earnings visibility.
👕 Textiles: Biggest Beneficiary
Textile stocks could be among the top gainers, as the tariff cut directly benefits Indian apparel exporters. Shares of Gokaldas Exports and KPR Mill are likely to remain in focus.
⚡ Energy & Auto
Heavyweights such as Reliance Industries and Tata Motors could see increased activity amid improved global trade outlook.
📌 Stocks to Watch Today (Market Recommendations)
Market experts have shared the following short-term trading ideas (for educational purposes):
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Mahindra Lifespace Developers
Buy near ₹383 | Target: ₹440 -
NMDC
Buy in ₹81–82 range | Target: ₹90 -
DLF
Buy near ₹627–628 | Target: ₹700 -
Blue Star
Buy with target of ₹2,030
📉 Key Technical Levels to Track
Nifty 50 Outlook
For Nifty 50, the 25,200–25,400 zone is a major resistance area. A sustained move above this range could trigger further upside momentum.
Bank Nifty Outlook
Bank Nifty needs to decisively cross 59,000 to aim for the next upside target near 59,800.
⚠️ Caution for Investors
Despite the strong opening signals, experts warn that volatility may persist in the aftermath of Budget 2026. Traders are advised to:
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Track live data on NSE India
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Use strict stop-loss strategies
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Avoid overleveraging in volatile sessions
