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Adani Group shares surged up to 13% on Tuesday, led by Adani Green and Adani Enterprises, following the announcement of a trade deal between PM Modi and US President Trump.
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India and the US have finalized a significant trade deal, slashing tariffs on Indian exports to the US from 50% to 18%. This agreement has boosted renewable energy stocks like Waaree Energies and Premier Energies, with analysts expecting improved competitiveness and demand for Indian products in the US market.
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Gold and silver prices saw a significant drop, wiping out trillions. However, experts say the gold bull market is still strong. This sharp fall is seen as a temporary reset due to high leverage. Analysts expect prices to rise again. Silver, however, needs more price correction before it becomes attractive for long-term investment.
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​As of February 2, 2026, 19 Nifty500 stocks closed above their 200-day moving average. Eleven top performers gained more than 3%, signalling strong uptrends. Stocks such as Mahindra & Mahindra, Polycab India, and Petronet LNG are showing positive momentum, highlighting potential buying opportunities for traders following technical indicators and market trends.​
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Gold and silver futures rebounded strongly on the MCX after a significant sell-off, driven by value buying at lower levels. This surge followed substantial declines in both precious metals, with international spot prices also showing significant gains. Analysts suggest key support levels are likely to hold amidst ongoing volatility.
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Budget 2026-27 aims to accelerate economic growth while balancing fiscal prudence. Key highlights include a rise in STT, TCS relief for travellers, Rs 12.2 lakh crore Capex, incentives for IT, semiconductor, and BioPharma sectors, and a focus on digital and physical infrastructure. The budget supports markets, growth, and sectoral expansion.
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