Day

February 4, 2026
Asian stocks declined as a tech selloff impacted US benchmarks, prompting a rotation into economically sensitive sectors. Advanced Micro Devices’ disappointing forecast contributed to the tech downturn, while FedEx and Walmart saw gains. Oil prices climbed following a US Navy drone interception.
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Indian markets surged on Tuesday, buoyed by a significant trade pact with the US. The Nifty’s strong rebound suggests a potential trend reversal post-Budget sell-off. Several companies like Trent, BPCL, and Bajaj Finance are in focus today due to Q3 results and strategic announcements, with BPCL notably increasing its capex plans.
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Indian equities surged on Tuesday following a significant trade deal announcement with the US, alleviating tariff concerns. Analysts anticipate continued positive market momentum, driven by recent trade agreements, budget announcements, and the Q3 earnings season. The Indian rupee also saw a record gain against the US dollar.
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