Nifty and Sensex Likely to See Gap-Up Open After India-US Trade Deal

Nifty and Sensex Likely to See Gap-Up Open After India-US Trade Deal

Nifty and Sensex Set for Positive Start

Benchmark indices Nifty 50 and Sensex are likely to see a gap-up opening on February 9, 2026, following the announcement of the India-US trade agreement. Washington has reduced its tariff on Indian products from 50% to 18%, providing clarity and a boost to export-oriented businesses.

Experts note that the trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest.

At 7:20 a.m. IST, the GIFT Nifty index was quoting 25,930, up 232.5 points (0.90%) in pre-market trade.

Stocks and Sectors in Focus

Key sectors expected to see movement today include:

Auto ancillaries, textiles, and fisheries, which stand to benefit from the reduced tariffs.

Diamonds & jewellery, machinery, chemicals, and automobiles, which gain from enhanced global competitiveness, according to JM Financial.

Pharmaceuticals and aircraft components, which continue to enjoy near-zero duty access.

State-run financial firms REC and PFC will also be in focus, following in-principle approval for a merger, ensuring the new entity remains a government company.

Market Sentiment

Ponmudi R, CEO of Enrich Money, highlighted key positives driving sentiment:

“Easing concerns over a potential US-Iran conflict, robust domestic institutional inflows, a stabilising rupee, and sustained traction in Budget-led capex themes are adding to the positive momentum.”

Technical Levels

On the technical front:

Immediate support: ~25,500, aligning with recent swing lows.

Immediate resistance: 25,800, coinciding with heavy call-writing.

Strong resistance zone: 25,900–26,000, marked by psychological significance and prior supply.

Market sentiment has turned constructive, with attention now on the durability of FII inflows and early signs of recovery in export-oriented sectors.