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Stock Market Live Updates | Gift Nifty Signals Gap-Up; Nifty Range Seen Today
By Bajaj Broking Team
February 03, 2026
8 mins read
Market News
Synopsis:
Today’s share market’s key developments include: Unichem’s USFDA inspection ended with procedural observations. IRB Infrastructure transferred a HAM asset to its InvIT, aiding debt reduction. Brigade Hotel Ventures signed a ₹1,100 crore Tamil Nadu MoU. FIIs were net sellers, while DIIs recorded net equity purchases.
3:30 PM IST
Closing Bell | 3:30 PM IST | 03 Feb 2025 | Sensex jumps 2,073 points | Nifty closes above 25,700
Indian equities closed sharply higher as optimism around a trade deal lifted sentiment. The Sensex jumped 2,073 points, while the Nifty ended above 25,700. Avanti Feeds, One Mobikwik Systems, and Welspun Living led gains, each rising up to 20%. KPR Mill and Aarti Industries also advanced strongly. On the downside, Zydus Wellness, Varun Beverages, and Kansai Nerolac Paints declined modestly. Separately, Bharat Coking Coal reported a Q3 net loss of ₹22.9 crore on revenue of ₹2,585 crore.
2:00 PM IST
Stock Market LIVE Update | 2:00 PM IST | 03 Feb 2025 | Sensex jumps over 2,200 points | Nifty moving above 25,800
Indian equities rallied sharply as the Sensex surged more than 2,200 points on optimism around an India–US deal, while the Nifty crossed 25,800. PCBL’s Q3 performance showed pressure, with profit dropping 98% year-on-year, revenue declining 8%, and EBITDA falling 33%, leading to lower margins. In early trade, stocks such as Varun Beverages, Zydus Wellness, Kansai Nerolac Paints, Thyrocare Technologies, and Aavas Financiers featured among the top losers, each trading lower with notable volumes.
1:10 PM IST
Stock Market LIVE Update | 1:10 PM IST | 03 Feb 2025 | Sensex rose about 2,300 pts | Nifty traded above 25,800
Indian benchmark equity indices climbed strongly as markets reacted to the recently announced India-US trade agreement that reduced tariffs on Indian exports, with the Sensex gaining over 2,300 points and the Nifty advancing past 25,800. Stocks such as Reliance Industries saw price increases following tariff-related optimism. Asian equity markets also saw broad gains, led by Japan’s Nikkei, while Australian shares rebounded amid a central bank interest rate decision. A pause in precious metals sell-offs supported market sentiment.
11:30 AM IST
Stock Market LIVE Update | Sensex jumps over 2,350 points | Nifty crosses 25,800
Indian equities surged as deal optimism lifted benchmarks, with Sensex jumping over 2,350 points and Nifty crossing 25,800. Losers included Thyrocare, Nalco, Euro Panel, Aavas Financiers, and Symphony. Bitcoin steadied near $78,800 after rebounding from $75,000, while Ethereum rose over 4%. Altcoins rallied broadly, pushing global crypto market value to $2.65 trillion. Active stocks included Vodafone Idea, YES Bank, Trident, HDFC Bank, Power Grid, Motherson, and Hindustan Copper. Volumes were mixed across sectors amid cautious intraday participation and selective trading.
10:40 AM IST
Stock Market LIVE Update | Sensex jumped over 2,200 points | Nifty moved above 25,750
Indian equity markets surged sharply after India and the US finalised a trade agreement that lowers tariffs on Indian exports from 50% to 18%. The Sensex jumped over 2,200 points, while the Nifty crossed 25,750. Renewable energy stocks such as Waaree Energies, Premier Energies, and Emmvee Photovoltaic saw strong gains. The deal is expected to improve export competitiveness across sectors including metals, autos, chemicals, textiles, and solar. Portfolio realignments followed, while Adani Enterprises rose ahead of its quarterly results.
9:50 AM IST
Stock Market LIVE Update | Sensex jumps over 2,100 points | Nifty trading above 25,700
Indian equities rallied sharply as optimism around an India–US trade agreement lifted sentiment. The Sensex surged over 2,100 points, while the Nifty moved past 25,700. Precious metals rebounded after recent losses, with silver jumping 6% and gold rising 3% as bargain buying emerged on MCX. Textile exporters such as KPR Mill, Gokaldas Exports, and Welspun Living climbed up to 20% after lower US tariffs. Separately, Aditya Birla Housing Finance raised ₹2,750 crore from Advent International to support expansion.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty signals a gap up opening for the Indian market. Nifty spot in todays trade is likely to trade in the range of 25,700-26,100.
INDIA VIX: 13.86 | -1.23 (8.15%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
The 10-year Treasury yield in US rose more than 4 basis points to 4.283%.
Currency:
Dollar index is placed at 97.34 levels.
Commodities:
Oil prices fell on Monday after U.S. President Donald Trump said Iran was “seriously talking” with Washington, signalling a de-escalation of tensions with the OPEC member. Brent crude futures were down 4.9%, at $65.92 per barrel.
Silver and gold fell on Monday, extending losses after a major sell-off at the end of last week. However, Gold prices rose in early Asian trade on Tuesday, with silver and platinum also advancing as precious metals steadied from two days of outsized losses.
In today’s morning trade Spot gold rose 2.7% to $4,788.40 an ounce, while gold futures for April rose 2.7% to $4,809.54/oz. Spot silver rose 4.3% to $82.6315/oz.
Asian Markets
General Trends:
Asia-Pacific markets rose Tuesday after U.S. President Donald Trump said Washington and India had struck a trade deal and would immediately begin cutting tariffs on each other’s goods.
Sector-Specific Indicators:
Japan’s Nikkei 225 added 2.44%, while the Topix added 1.94%. South Korea’s Kospi jumped over 5%. Meanwhile, the small-cap Kosdaq rose 2.32%.
India Market Outlook
Market in the Previous Session:
In a volatile session on February 2nd, Indian equity benchmarks staged a sharp recovery to end higher, recouping part of the losses seen on Budget day, with the Nifty closing near the 25,100 level.
Mirroring mixed global signals, the indices started on a weak note and stayed choppy within a narrow range through the first half. Buying momentum picked up in the latter part of the session, aiding a recovery that saw the market close near its intraday highs.
At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40.
Broader markets also bounced back sharply from their intraday lows, with the Nifty Midcap rising 0.96 percent and the Nifty Small-cap gaining 0.6 percent.
On the sectoral front, FMCG, auto, metals, oil & gas, energy, infrastructure and realty stocks rose 1–2 percent, while the IT index slipped 0.5 percent.
TRADE SETUP FOR FEB 03
Nifty Short-Term Outlook:
The index formed a sizable bullish candle in the previous session while remaining within the prior day’s trading range, indicating a pullback from oversold territory.
In today’s session, the index is expected to open with a gap-up, driven by positive sentiment surrounding the US–India trade deal. Nifty is poised to open above last week’s high of 25,470 and above both short- and long-term moving averages, signaling a reversal from its corrective phase.
Going forward, sustained trading above the recent major breakdown zone of 25,700 could pave the way for further upside towards the 26,000 and 26,350 levels in the coming sessions. However, volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement.
On the downside, key support is placed in the 25,000–24,800 zone, corresponding to the 52-week EMA, which the index has successfully defended on a closing basis during the recent correction.
Intraday Levels:
Nifty: Intraday resistance is at 25,950, followed by 26,100 levels. Conversely, downside support is located at 25,700, followed by 25,580.
Bank Nifty: Intraday resistance is positioned at 60,000, followed by 60,400, while downside support is found at 59,500, followed by 59,200.
Derivative Market Analysis
Nifty:
FIIs reduced their exposure on both sides, unwinding 1,056 long contracts and 7,136 short contracts, indicating partial profit booking and risk reduction after an extended period of cautious positioning.
The long–short ratio remains unchanged at 0.13, reflecting that overall sentiment continues to be weak and directional confidence is still limited.
After a prolonged phase of aggressive short positioning, the recent short covering suggests early signs of stability and easing of bearish pressure.
However, this development appears premature to confirm any trend reversal or a complete halt in the corrective phase, as FIIs have not yet shown consistent long build-up.
For a sustainable reversal, FIIs need to continue short covering along with meaningful long additions over the coming sessions.
Until such confirmation emerges, the market bias is expected to remain cautious to range-bound.
Bank Nifty:
Strong put writing is observed in the 24,800–24,900 and 25,000 strikes, indicating the formation of multiple support zones at lower levels.
Call writers have unwound positions at the 25,000 strike and shifted to higher strikes, reflecting a cautious outlook on near-term upside.
Moderate call writing is seen at the 25,200 strike, which is likely to act as an immediate resistance zone.
The index is currently oscillating within a key range of 25,000–25,200.
A sustained breakout above 25,200 may trigger short covering, opening the path towards 25,500.
On the downside, a breach below 25,000 could extend the corrective phase towards 24,800, followed by 24,700.
US Share Market News
Performance Overview:
After months of uncertainty and rising trade pressure, the long-pending US-India trade deal was finally sealed on Monday night with a direct announcement by US President Donald Trump following a call with Prime Minister Narendra Modi.
Sector-specific indicator:
US President said “It was an honour to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a powerful and respected leader of his country. Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a trade deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%,” Trump wrote in Truth Social.
Economic indicator:
The US has also dropped the additional 25% tariffs imposed on Indian imports over New Delhi’s purchase of Russian oil.Trump echoed this in his post, saying Modi had agreed “to stop buying Russian oil, and to buy much more from the United States and, potentially, Venezuela.”
PM Modi welcomed the deal and thanked Trump for the reduction in tariffs.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Published Date :
03 Feb 2026
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