India-US Tariff Deal sparks jump in Stock Market; Sensex and Nifty surge

Following the announcement of the India–US tariff deal, Indian stock markets witnessed an unprecedented surge. The Sensex jumped 3,800 points, while Nifty gained 1,500 points at the opening.

Post Published By: Sona Saini

Updated : 3 February 2026, 9:32 AM IST

Market Jump as India–US Tariff Cut Boosts Stocks and Rupee

Mumbai: The impact of the significant tariff deal announced between India and the US was clearly visible on the Indian stock market on Tuesday. Investors were enthusiastic as soon as the market opened, and the Sensex surged to a historic 3,800 points in early trading. The Nifty also jumped by nearly 1,500 points. This significant rally created a positive atmosphere on Dalal Street.

All sectors in the green in initial minutes

As soon as the market opened, buying pressure was so intense that almost all sectors, including banking, IT, metals, auto, pharma, and FMCG, were in the green. Export-related stocks saw strong buying, especially. Investors hope that the reduction in US tariffs will strengthen the competitive position of Indian companies and increase profits.

Rupee Strengthens

The positive impact of the tariff deal was also visible on the foreign exchange market. As soon as the market opened, the rupee strengthened by 1.2 percent against the dollar, jumping from Monday's level of 91.52 to 90.40. This is considered to be one of the strongest opening moves for the rupee in recent months.

(...being updated)