After a global downfall in the stock market for the last two days, the commodity market on Friday also experienced a downward trend. Gold prices fell moderately, while silver lost over 3 per cent due to a stronger dollar and a rout in global technology stocks. As reported by news agency IANS, MCX gold February futures fell 0.97 per cent to Rs 1,50,590 per 10 grams around 10.40 am on an intraday basis. Meanwhile, MCX silver March futures plunged 3.71 per cent to Rs 2,34,775 per kg. Gold prices in Mumbai The price of 24-carat gold in Mumbai, which was trading at over Rs. 1.6 lakh earlier last month, has fallen down significantly to Rs 1,54,690 for 10 grams on Friday. The sudden fall in price of gold has interested the buyers to invest in the yellow metal. On the other hand, the price of 22-carat gold in Mumbai on Friday was recorded at Rs 1,41,820 for 10 grams. Silver prices declines by 6 per cent As reported by news agency IANS, silver prices on MCX had declined as much as 6 per cent to their day's low of Rs 2,29,187 per kg earlier during the session before a strong rebound. On the other hand, commodities denominated in dollars became more expensive for holders of other currencies as the US dollar got poised for its strongest weekly performance since November, hovering close to a two-week high. Sudden decline in silver prices creates concern The sudden dip in the prices of silver has also reignited concerns over stretched valuations and heightened volatility, even as analysts maintained that the white metal's longer-term fundamentals remain constructive. Investment banker JP Morgan, while commenting on the price drop, warned that silver's rich valuations could trigger disproportionate downside during bouts of market stress, adding that downside may be cushioned in the near term, with prices stabilising for a recovery next year. Furthermore, the analysts called the sharp drop in precious metals a "technical correction" due to longer-term drivers such as geopolitical uncertainty, central-bank buying, and macro uncertainty remaining intact. Moreover, the broader uptrend in COMEX gold remains intact, with the recent decline reflecting profit booking and healthy price digestion rather than trend reversal, they said. Also, the market watchers advised investors to do staggered allocations rather than lump-sum investments to reduce entry risk. (With inputs from IANS)
06 February,2026 01:16 PM IST | Mumbai | mid-day online correspondentAfter the stock market on Friday opened at a downward trend, the benchmark indices Sensex and Nifty continued to trade lower during the afternoon. As reported by news agency PTI, the downward trend of the market indices is after the RBI decided to pause on the policy rate front, with IT heavyweights facing selling pressure amid a weak trend in the US equities. Fresh foreign fund outflows also dented investors' sentiment. Extending its decline from Thursday, the 30-share BSE Sensex further edged lower by 368.37 points to 82,945.56 in morning trade. The 50-share NSE Nifty dropped 146.7 points to 25,496.10. How did the monetary policy review impact the stock market? After a 25 basis point rate cut in December, the RBI on Friday decided to pause on the policy rate front amid geopolitical uncertainties. This is the first monetary policy review after Finance Minister Nirmala Sitharaman announced the budget for financial year 2026-27, as per PTI. Announcing the sixth and final bi-monthly monetary policy for the current fiscal year, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has decided to retain the short-term lending rate, or repo rate, at 5.25 per cent with a neutral stance. Chief Investment Strategist, Geojit Investments Ltd, while asserting about the monetary policy, said, "RBI's monetary policy came exactly on expected lines with no change in rates, and the stance was kept unchanged at neutral," as per PTI. Top losers and gainers From the Sensex firms, Tata Consultancy Services, Tech Mahindra, Trent, State Bank of India, Bharat Electronics, Tata Steel, Asian Paints and Infosys were among the major losers till the afternoon session. On the other hand, ITC, Bajaj Finance, Kotak Mahindra Bank and Power Grid were among the top gainers on Friday till afternoon. Global markets goes bearish Along with the Indian stock market, Asian markets, including South Korea's Kospi, also traded nearly 3 per cent lower. While Hong Kong's Hang Seng index also declined over 1 per cent. while Japan's Nikkei 225 index and Shanghai's SSE Composite index were quoted higher, as reported by PTI. US markets ended lower on Thursday. The Nasdaq Composite index tumbled 1.59 per cent, the S&P 500 declined 1.23 per cent, and the Dow Jones Industrial Average dropped 1.20 per cent. Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, while briefing about the global downward trend, says, "Global equity markets are trading with a pronounced risk-off bias following sharp losses in the overnight US session. Weakness in global technology stocks and commodities continues to weigh on sentiment, with selling pressure extending into Asian markets," as cited by PTI. On Thursday, the Sensex dropped 503.76 points, or 0.60 per cent, to settle at 83,313.93. The Nifty declined 133.20 points, or 0.52 per cent, to end at 25,642.80. (With inputs from PTI)
06 February,2026 12:29 PM IST | Mumbai | mid-day online correspondentDhruva Jaishankar, the Executive Director of ORF America, said that the recent trade agreement between India and the United States has brought significant relief to the economic landscape. Speaking exclusively to ANI, Jaishankar noted that the deal concludes a period of high trade tensions and sets a new path for bilateral commerce. He highlighted that the announcement by US President Donald Trump to reduce Indian tariffs to 18 per cent is a central component of this breakthrough. "It has brought a sense of relief to those who were concerned about the very high tariffs of 50 per cent that have been in place since September of last year and which now appear to go away," Jaishankar said during the interview. Jaishankar explained that while the broad strokes of the agreement are public, the specific mechanics of the deal are still being finalized. "We're still awaiting details on the sequencing and I think we should expect in the next few days a joint statement by the two governments that will outline next steps, including the technical details on how to proceed forward with this trade deal," he stated. Earlier this week, US President Donald Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India halting Russian oil purchases and lowering trade barriers. According to government sources, the upcoming joint statement is expected to be released this week to clarify the implementation process. This document will serve as the official roadmap for how both nations will phase in the new tariff structures. The deal follows months of intense negotiations aimed at addressing market access issues and retaliatory duties that had hampered trade since late 2025. Experts believe the reduction in tariffs will specifically benefit sectors like agriculture, technology, and manufacturing by lowering the cost of doing business between the two largest democracies. Industry leaders and market analysts have reacted positively to the news, describing the agreement as a balanced outcome for both economies. The consensus among experts is that the deal will stabilise the markets and encourage long-term investment. By moving away from the 50 per cent tariff wall, both nations are expected to see a surge in export volumes. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
05 February,2026 08:07 PM IST | Washington DC (United States) | ANIThe rupee traded in a narrow range and gained 7 paise to 90.40 against the US dollar in early trade on Thursday, amid corporate dollar demand and as investors are awaiting for confirmation on the India-US trade deal. Forex traders said market participants are now shifting focus from celebration to verification as no official documents have been released, and neither side has formally published the final terms. Moreover, investors are awaiting cues from Friday's RBI interest rate announcement. At the interbank foreign exchange market, the rupee opened at 90.52 against the US dollar, then gained some ground to 90.40, registering a gain of 7 paise over its previous close. On Wednesday, the rupee depreciated 15 paise to 90.47 against the US dollar. In the initial trade, it also touched 90.53 against the American currency. "Market is now waiting for confirmation and finer details before extending the rupee's rally further," CR Forex Advisors MD Amit Pabari said.Pabari further said that attention has now turned to the RBI's Monetary Policy Committee meeting. "Markets widely expect the central bank to keep interest rates unchanged tomorrow, with a growing consensus that rate cuts are unlikely at least until the end of 2026," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.18 per cent higher at 97.79.Brent crude, the global oil benchmark, was trading 2 per cent lower at USD 68.07 per barrel in futures trade. "Technically, the 89.80 90.00 zone has emerged as a strong support base. With this area holding firmly, the pair now appears poised to move back toward the 90.80, 91.20 range with greater conviction," Pabari said, adding that "going forward, RBI actions will also remain a key factor to watch along with confirmation of the final trade agreement and its exact terms." On the domestic equity market front, Sensex declined 278.72 points to 83,538.97 in early trade, while the Nifty was down 94.15 points to 25,681.85. Foreign Institutional Investors purchased equities worth Rs 29.79 crore on Wednesday, according to exchange data. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
05 February,2026 11:34 AM IST | Mumbai | PTIIn the smart equipment and robotics industry, servo quality is the cornerstone of overall system performance and reliability. As a leading servo manufacturer in China, Kpower is redefining "Made in China" with precision and dependability, bringing its expertise to global markets. 2025 marks a landmark year for Kpower’s international journey—one filled with breakthroughs and remarkable achievements worth highlighting. Step into Kpower’s exhibition hall, and you’ll discover more than just cutting-edge automated servo products. It’s a microcosm of a global manufacturing ecosystem, showcasing the full lifecycle from R&D and automated production to real-world client applications. Every servo on display tells a story: powering drones, industrial robots, or consumer smart devices—these applications are the strategic entry points driving Kpower’s global market penetration. This year, Kpower amplified its overseas market initiatives. The team ventured to major exhibitions across Europe, North America, and Southeast Asia, showcasing the latest automated assembly prototypes and tailored solutions while engaging international clients face-to-face. On-site, technical experts leveraged live demos and data-driven insights to prove the servos’ stability and reliability under high-intensity operating conditions. This immersive experience—far more compelling than conventional product pitches—forged deep partnerships with numerous global clients. Kpower’s global expansion isn’t just about market share; it’s about building end-to-end delivery excellence. From R&D engineers to production line operators, every team member is committed to delivering predictable, high-quality solutions for international clients. Advanced automated production lines enable rapid prototyping and mass production, while a robust quality tracking system ensures every servo meets rigorous global performance standards. This seamless internal-external synergy has solidified Kpower’s reputation as a trusted partner in overseas markets. Beyond business growth, internationalization is reshaping Kpower’s corporate culture. Close collaboration between overseas market teams and domestic R&D/production departments has made cross-cultural communication a daily norm. Each successful international project delivery feeds valuable insights back into R&D, fueling innovation and inspiring the next generation of servo technology. This virtuous cycle transforms Kpower’s globalization from mere market expansion into a continuous journey of organizational upgrading. Looking ahead, Kpower’s global journey continues. The company will deepen its global footprint through enhanced overseas collaborations, customized solutions, rapid response, and localized support—instilling its core brand values of "Precision, Efficiency, Reliability" in every market it serves. For Kpower, internationalization is more than a revenue driver; it’s a comprehensive capability upgrade, ensuring every servo embodies the promise of "Trusted Worldwide."
04 February,2026 03:59 PM IST | Mumbai | IANSGold and silver, after experiencing a major downfall on budget day, continued to extend their decline on Monday. The reasons behind their decline are majorly because the margin requirements are set to take effect on the Chicago Mercantile Exchange (CME) in the US. MCX gold futures on Monday, February, fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg. Gold prices in Mumbai After the stock market on Sunday experienced a major hit, Gold also went down significantly to Rs 1,60,860. Extending its downfall for a second straight day, the price of 24-carat gold on Monday was recorded as Rs 1,60,850 for 10 grams. Whereas the price of 22-carat gold was recorded at Rs 1,47,470.00 for 10 grams. Reason for price dip on gold and silver Analysts said that the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fed Chairman. Investors reacted negatively because Warsh is considered more aggressive on interest-rate policy than earlier chairs, as reported by news agency IANS. Rahul Kalantri, VP Commodities, Mehta Equities Ltd., while briefing about the market, further stated, “The decline was further supported by a stronger U.S. dollar, higher Treasury yields, and upbeat US inflation data (PPI and core PPI). As import duty was kept unchanged in the Union Budget, the domestic premium in bullion suffered, as reported by IANS. The analyst further said, "Gold has support at Rs 1,39,650 to Rs 1,36,310 zone while resistance is at Rs 1,48,850 and Rs 1,50,950. Silver has support at Rs 2,48,810 and Rs 2,37,170 while resistance is at Rs 2,78,810 and Rs 2,95,470," the analyst said. A recent report from WhiteOak Capital Mutual Fund said that investors should trim precious metals allocation back to a safe‑haven allocation level, especially on the silver, as its valuation had reached the most overextended level relative to historical periods. Another reason for bearishness in precious metals can also because Donald Trump nominated Kevin Warsh as the next Federal Reserve chair which fuelled a recovery in the US dollar. Analysts further said Warsh would be less supportive of lower interest rates due to his hawkish stance on inflation control and emphasis on Fed independence, which prompted selling among precious-metals traders. (With inputs from IANS)
04 February,2026 03:40 PM IST | Mumbai | mid-day online correspondentMacroeconomic Pressures and Regional Divergence From the perspective of YwinCap, Asia is no longer a single, unified financial story. Instead, the region has become increasingly fragmented in terms of growth momentum and policy direction. While some economies continue to benefit from strong domestic demand and export resilience, others are struggling with slowing growth, currency depreciation, and rising debt burdens. Japan, for example, remains committed to accommodative monetary policy, creating continued downward pressure on the yen. Meanwhile, China is navigating a delicate balance between economic stimulus and financial stability, attempting to revive domestic consumption while managing risks in the real estate and credit markets. Southeast Asia presents a mixed picture. Countries such as Vietnam and Indonesia continue to attract foreign direct investment and manufacturing relocation, while smaller markets face capital outflows as global interest rates remain elevated. According to YwinCap, this divergence means investors can no longer apply a one-size-fits-all strategy when approaching Asian markets. Selectivity and risk management have become more important than ever. Impact of Global Monetary Policy on Asian Markets One of the most critical factors shaping the current environment, as observed by YwinCap, is the ongoing impact of U.S. Federal Reserve policy. Higher interest rates in the United States have led to stronger demand for the U.S. dollar, putting pressure on many Asian currencies and increasing the cost of external financing. For emerging Asian economies, this has translated into tighter financial conditions and reduced liquidity. Capital that once flowed freely into regional equity and bond markets is now being redirected toward safer, higher-yielding assets in developed economies. However, YwinCap also notes that this situation is beginning to stabilize. Inflation across many Asian countries has moderated, allowing central banks more flexibility to pause or even reverse previous tightening cycles. As global monetary conditions gradually ease, Asian markets could experience renewed capital inflows. Financial Markets: Volatility with Opportunity Equity and currency markets across Asia have experienced heightened volatility over the past year. Technology stocks, export-driven sectors, and real estate-related industries have been particularly sensitive to global economic signals. Despite these challenges, YwinCap emphasizes that volatility should not be viewed solely as a risk—it also creates opportunities. Well-positioned investors can benefit from mispriced assets, especially in markets where long-term fundamentals remain strong. In particular, YwinCap identifies several promising themes: The continued rise of digital economies and fintech adoption Infrastructure investment linked to regional supply chain restructuring Growth in renewable energy and green finance Increasing integration of Asian capital markets These structural trends are likely to support long-term financial development in the region, regardless of short-term market fluctuations. Currency Dynamics and Trade Adjustments Exchange rate movements have become a central issue for Asian policymakers and investors alike. Depreciating currencies can help boost exports, but they also raise the cost of imports and external debt servicing. YwinCap observes that many Asian governments are now taking a more proactive approach to currency management, using a combination of monetary tools and foreign exchange interventions to maintain stability. At the same time, shifting global trade patterns are reshaping financial flows. The gradual relocation of manufacturing supply chains toward Southeast Asia is generating new investment opportunities and altering the competitive landscape. Countries able to attract high-quality foreign investment are likely to outperform in the coming years. Regulatory Developments and Financial Innovation Another key trend highlighted by YwinCap is the rapid evolution of financial regulation across Asia. Governments and regulators are increasingly focused on strengthening financial oversight, improving transparency, and promoting sustainable growth. The rise of digital assets, cross-border payment systems, and new fintech platforms is pushing many jurisdictions to modernize their legal and regulatory frameworks. While this creates short-term uncertainty, YwinCap believes it will ultimately contribute to a healthier and more resilient financial ecosystem. Investors who understand these regulatory shifts will be better positioned to identify compliant and sustainable opportunities. Outlook: Cautious Optimism Looking ahead, YwinCap maintains a cautiously optimistic outlook on the Asian financial markets. Although risks remain—including geopolitical tensions, global recession concerns, and policy uncertainties—the long-term fundamentals of the region remain compelling. Asia continues to benefit from: A growing middle class Expanding digital economies Strategic importance in global supply chains Increasing intra-regional trade and investment These factors provide a strong foundation for future financial growth. Conclusion In the view of YwinCap, the current Asian financial environment is defined by transition rather than crisis. Investors must adapt to a more complex and multipolar landscape, where careful analysis and disciplined strategy are essential. While short-term volatility is likely to persist, the region still offers some of the most dynamic and diverse opportunities in the global financial system. By staying informed, flexible, and forward-looking, market participants can successfully navigate the challenges ahead. YwinCap will continue to monitor developments closely and provide timely insights to help investors and partners make informed decisions in this rapidly changing environment.
04 February,2026 03:15 PM IST | New Delhi | ANIGold and silver, after experiencing a major downfall since the start of this week on Wednesday, observed a marginal hike. While the reasons behind their decline in the last few days were majorly because the margin requirements are set to take effect on the Chicago Mercantile Exchange (CME) in the US, the upward trend on Wednesday might just be because of the intensified buyback by the investors. MCX gold futures during the start of this week fell by 1.77 per cent to Rs 1,45,132 per 10 grams on an intraday basis. Meanwhile, MCX silver March futures on February 1 dipped 6.88 per cent to Rs 2,47,386 per kg. Gold prices in Mumbai While the yellow metal experienced a significant downfall in the last few days. On Wednesday the prices of gold in Mumbai saw an increase of Rs 780. The price of 24-carat gold in Mumbai stood at Rs. 1,54,220 for 10 grams. Whereas the price of 22-carat gold also saw a marginal increase of Rs 720 and was recorded at Rs 1,41,390 for 10 grams. Silver prices Along with gold, silver prices also rised marginally on Wednesday. Rising by 3.17 per cent as compared to Tuesday, the price of silver on Wednesday stood at Rs 2,76,283 for 1 kg. Analysts said that the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fed Chairman. Investors reacted negatively because Warsh is considered more aggressive on interest-rate policy than earlier chairs, as reported by news agency IANS. Rahul Kalantri, VP Commodities, Mehta Equities Ltd., while briefing about the market, further stated, “The decline was further supported by a stronger U.S. dollar, higher Treasury yields, and upbeat US inflation data (PPI and core PPI). As import duty was kept unchanged in the Union Budget, the domestic premium in bullion suffered, as reported by IANS. The analyst further said, "Gold has support at Rs 1,39,650 to Rs 1,36,310 zone while resistance is at Rs 1,48,850 and Rs 1,50,950. Silver has support at Rs 2,48,810 and Rs 2,37,170 while resistance is at Rs 2,78,810 and Rs 2,95,470," the analyst said. A recent report from WhiteOak Capital Mutual Fund said that investors should trim precious metals allocation back to a safe‑haven allocation level, especially on the silver, as its valuation had reached the most overextended level relative to historical periods. Another reason for bearishness in precious metals can also be because Donald Trump nominated Kevin Warsh as the next Federal Reserve chair which fuelled a recovery in the US dollar. Analysts further said Warsh would be less supportive of lower interest rates due to his hawkish stance on inflation control and emphasis on Fed independence, which prompted selling among precious-metals traders. (With inputs from IANS)
04 February,2026 12:03 PM IST | Mumbai | mid-day online correspondentWhile the rally does not appear to be as bullish as it was yesterday, a sharp decline in IT stocks is said to be one of the major reasons. The 30-share BSE Sensex advanced 68.49 points to 83,816.96 in early trade. Whereas, the 50-share NSE Nifty also went up by 51.90 points to 25,779.45, as per PTI. From the Sensex firms, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, ICICI Bank and ITC were among the biggest gainers. Whereas Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were the biggest losers, declining as much as 5 per cent. FIIs and DIIs invest heavily on Tuesday Foreign institutional investors turned buyers on Tuesday as they bought equities worth Rs 5,236.28 crore, according to exchange data. Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,014.24 crore, reported PTI. Impact of India-US trade agreement on stock market India and the US have agreed on a framework for a trade deal under which Washington will bring down tariffs on Indian goods to 18 per cent from the current 50 per cent. The announcement is important because the US has imposed a steep tariff on Indian goods entering American markets, effective August 27, 2025. Soon after the India-US trade agreement, the rupee also appreciated 119 paise to 90.30 against the US dollar in early trade on Tuesday, after US tariffs on India were cut from 50 per cent to 18 per cent. Forex traders said the 18 per cent tariff changes the story, improving India's relative position and reopening the door for FII participation. Global markets In Asian markets, South Korea's Kospi traded higher, while Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were quoted lower. Whereas, the US markets ended lower on Tuesday. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, "The rally fuelled by the US-India trade deal will face hurdles to sustain. The IT selloff in the US yesterday will drag the Indian IT index, too, constraining the rally in the Indian market," as cited by PTI. Brent crude, the global oil benchmark, climbed 0.68 per cent to USD 67.77 per barrel. Earlier on Tuesday, the Sensex ended at 83,739.13, up 2,072.67 points, or 2.54 per cent. The Nifty zoomed 639.15 points, or 2.55 per cent, to settle at 25,727.55. (With inputs from PTI)
04 February,2026 11:39 AM IST | Mumbai | mid-day online correspondentAfter a sudden decline in market indices on the day of Union Budget 2026, the Indian equity markets have surged sharply by around 3 per cent early on Tuesday. With broad-based buying across sectors, Nifty opened and experienced a significant gain, while Bank Nifty and Sensex also saw a significant rise. As of 9:25 am, Sensex on Tuesday added 2,421 points, or 2.97 per cent, to reach 84,088, while the Nifty50 gained 741 points, or 2.96 per cent, to settle at 25,829, as per IANS. Nifty bullish in afternoon trade Benchmark domestic equity indices, Sensex and Nifty, were trading on a bullish note in afternoon trade today, climbing around 2.8 per cent. The Sensex soared 2,301 points to 83,968, while the Nifty advanced 710 points to 25,799 when reports last came in. All sectoral indices surged, with Realty, Services, Power and Capital Goods emerging as the major gainers. Market sentiment improved significantly after the India-US trade deal announcement removed a key overhang. India-US trade agreement India and the United States, during the late hours of Monday, have finally agreed to a trade agreement under which reciprocal tariffs on Indian goods will be slashed to 18 per cent from 25 per cent. The trade agreement also eliminates the additional 25 per cent duty on purchases of Russian crude oil. US President Donald Trump on Monday said that the trade deal will be "effective immediately", following a phone call with Prime Minister Narendra Modi offering immediate tariff relief for India. Indian stock market all green after a bloodbath on Sunday Main broad-cap indices on the Indian stock markets posted strong gains, as the Nifty Midcap 100 surged 3.10 per cent, and the Nifty Smallcap 100 added 3.25 per cent. All sectoral indices showed huge gains, with realty, auto, consumer durables and IT being the major gainers, up 4.47 per cent, 3.78 per cent, 3.69 per cent and 3.04 per cent, respectively, as per IANS. India now enjoys lower tariff rates than other countries. With tariff rates being slashed down to 18 per cent, India's tariff rate is now lower than that of several major export-orientated Asian economies. Bangladesh, Sri Lanka, Taiwan and Vietnam face tariffs of 20 per cent, while Indonesia, Malaysia, Thailand, the Philippines and Pakistan face tariffs of 19 per cent. Market experts on Tuesday after a steep recovery said, “Immediate support for Nifty lies at 25,600-25,800 zone, while resistance is anchored at 26,200–26,350 zone,” as cited by IANS. One of the analysts, while hailing the Indian stock market’s sudden upscale, asserted, "The dramatic announcement of the long-awaited US-India trade deal and the US decision to cut tariffs on India from 50 per cent to 18 per cent is a game changer for the Indian economy and stock markets, as its delay was the single important factor weighing on the markets," as per IANS. Various sectors may see huge inflows after the India-US trade agreement Large caps, including banking leaders, non-banking financials, telecom, capital goods and IT, which are trading the favourites of FII, can see huge inflows, market watchers said. Apart from the Indian stock markets, the US markets also ended largely in the green in the last trading session, as Nasdaq gained 0.56 per cent while the S&P 500 advanced by 0.54 per cent, with the Dow adding 1.05 per cent. On February 2, foreign institutional investors (FIIs) net sold equities worth Rs 1,832 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 2,446 crore. (With inputs from IANS)
03 February,2026 02:47 PM IST | Mumbai | mid-day online correspondentThe rupee appreciated 119 paise to 90.30 against the US dollar in early trade on Tuesday, after US tariffs on India were cut from 50 per cent to 18 per cent. Forex traders said the 18 per cent tariff changes the story, improving India's relative position and reopening the door for FII participation. At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49. "The good news overnight was the US-India trade deal which was announced after a delay of almost 9 months by President Donald Trump and endorsed by PM Narendra Modi in which the trade tariffs were reduced to 18 per cent, a tad lower than what it is for Bangladesh and Pakistan our neighbours giving our exporters a relative advantage," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further noted that FIIs may finally buy Indian equities after being sellers for such a long time. "We need to wait and see the RBI stance today and in the coming days as it needs to buy the short dollar position," he added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20 per cent lower at 97.43. Brent crude, the global oil benchmark, was trading lower by 0.41 per cent at USD 66.03 per barrel in futures trade. On the domestic equity market front, the 30-share benchmark index Sensex was trading 2138.08 points or 2.62 per cent higher at 83,804.54, while the Nifty was up 607 points or 2.42 per cent at 25,695.40. Foreign Institutional Investors offloaded equities worth Rs 1,832.46 crore on Monday, according to exchange data. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
03 February,2026 02:40 PM IST | Mumbai | PTIADVERTISEMENT
-1770299670123_d.png "The Executive Director of ORF America, Dhruva Jaishankar. File Pic")
