Sensex gains ₹13 lakh crore in 15 minutes
Business
Indian stock markets shot up over 5% on Tuesday, February 3, 2026, right after a new US-India trade deal was announced.
The Sensex rose about 5.1% and the Nifty about 5%, with the Sensex touching 85,871.73, adding ₹13 lakh crore in market value within just 15 minutes.
Deal ends months of tariff uncertainty
This deal cuts tariffs on Indian goods going to the US and removes extra taxes on India's Russian oil buys.
In return, India will drop barriers for US energy, tech, and farm products—and stop buying Russian oil.
Investors are excited because the deal ends months of tariff uncertainty, could bring more foreign money into India, boost the rupee, and help local manufacturing grow.
Analysts even see Nifty hitting 29,000 if things keep trending up.