Rs 13 lakh crore boom! Sensex surges 3,500 pts, Nifty soars nearly 5%. India-US trade deal among top factors behind rally
The Economic Times·2026-02-03 04:04
The benchmark The rally added over about Rs 13 lakh crore in investor pockets within 15 minutes of early trade, with the total market capitalization of BSE-listed companies surging to Rs 468.32 lakh crore.Here’s what’s behind the massive rally: India-US Trade Deal Following months of negotiation, India and the US signed a trade deal after US President Donald Trump said the US would reduce reciprocal tariffs on India to 18%, a sharp reduction from the earlier 50%, while India would also move to cut tariffs ...