Benchmark indices opened in positive territory on Monday, driven by improving global sentiment and clarity on the India-US trade agreement. The Nifty 50 opened at 25,888.70, up from its previous close of 25,693.70, and was trading at 25,799.75, gaining 106.05 points or 0.41 per cent as of 10.16 AM. The Sensex opened at 84,177.51 against the previous close of 83,580.40 and was trading at 83,915.71, up 335.31 points or 0.40 per cent.
Banking stocks dominated the gainers’ list, with State Bank of India surging 5.80 per cent to ₹1,128.30, emerging as the top performer. Shriram Finance advanced 1.59 per cent to ₹1,018.40, while Kotak Mahindra Bank gained 1.80 per cent to ₹429.95. The banking sector’s strength was supported by expectations of improving credit growth and its positive implications for GDP and corporate earnings.
Pharmaceutical and consumer stocks also witnessed buying interest. Dr Reddy’s Laboratories climbed 1.82 per cent to ₹1,263.80, and Titan Company gained 1.77 per cent to ₹4,214.20. The rally was supported by a decisive shift in foreign institutional investor sentiment, with FIIs purchasing equities worth ₹1,950 crore on February 6, marking net buying in three out of the last four trading sessions.
On the losers’ side, Max Healthcare retreated 1.90 per cent to ₹1,020.10, while ONGC declined 1.10 per cent to ₹266. Nestle India slipped 0.95 per cent to ₹1,290.90, Bajaj Finance fell 0.90 per cent to ₹972.90, and Hindustan Unilever dropped 0.79 per cent to ₹2,405.
“Indian equity markets are set to open on a positive note, supported by a clear improvement in domestic fundamentals and a marked easing of external uncertainties,” said Ponmudi R, CEO of Enrich Money. “The India-US trade pact has removed a key overhang, improved export visibility and triggered a revival in foreign investor interest.”
The recently concluded India-US trade agreement reduced tariffs on Indian goods from 50 per cent to 18 per cent as of February 6. India committed to purchase $500 billion in US goods over five years, focusing on energy, aircraft, and defense technology, while successfully protecting sensitive agricultural sectors including dairy.
Sector-wise performance showed capital markets and realty indices outperforming during the week, with gains of 7.45 per cent and 7.70 per cent respectively. However, the information technology sector faced headwinds, declining over 7 per cent, impacted by what market participants termed the “Anthropic shock.”
“The RBI’s decision to hold the repo rate at 5.25 per cent with a neutral stance, alongside benign inflation expectations for FY26 at 2.1 per cent and a steady growth outlook, continues to reinforce macroeconomic stability,” Ponmudi added. The Reserve Bank of India’s Monetary Policy Committee projected GDP growth at 7.4 per cent for FY26.
Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, noted, “Clarity on the US-India trade deal indicates that Indian businesses, particularly exporters, will benefit. More importantly, the uncertainty over the trade deal and its impact on the Indian economy, which was weighing on the market, has been removed.”
Technical analysts remained cautiously optimistic about the near-term outlook. “From a technical perspective, near-term resistance is placed in the 25,850-25,900 zone, while immediate support is located at 25,550-25,600,” said Aakash Shah, Technical Research Analyst at Choice Equity Broking.
Published on February 9, 2026