If you thought the Budget 2026 bloodbath was the end of the bull run, you just missed the most “Shocking” 24-hour turnaround in Indian market history. The truth is, while retail traders were mourning the STT hike, a “Secret Blueprint” was being signed between New Delhi and Washington that just added ₹13 Lakh Crore back to investor wealth in a single morning.
The Shocking Pivot: Why Nifty Just Logged Its Biggest Opening Ever
Dalal Street didn’t just open higher today, February 3, 2026—it exploded. The Nifty 50 jumped a staggering 1,252 points (5%) to hit an intraday high of 26,341, while the Sensex roared over 4,200 points.
The catalyst? A midnight confirmation from US President Donald Trump that reciprocal tariffs on Indian goods are being slashed from a punitive 50% down to 18%. In return, India has agreed to a “Zero Tariff” barrier for key American sectors and a massive pivot away from Russian oil. This move effectively “reset” the market, allowing investors to look past the Union Budget’s tax hikes and toward a massive export boom.
The “Trump Card” Impact: Old vs. New Trade Reality
| Trade Component | Pre-Deal (Budget Day) | New Reality (Feb 3, 2026) | Economic Impact |
| US Tariff on Indian Goods | 50% (Inc. Penalties) | 18% | Massive Competitive Edge |
| Nifty 50 Level | 24,825 | 26,341 | +1,252 Points |
| Rupee vs Dollar (INR) | 91.50 | 90.29 | 1.05% Appreciation |
| India’s Oil Source | Russia (Top Supplier) | USA & Venezuela | Geopolitical De-risking |
How 5 ‘Deal-Maker’ Stocks are Surging Up to 20%
While the index surge is broad-based, five specific “Deal-Maker” stocks have turned into rockets. These companies are the direct beneficiaries of the 18% tariff cap and the $500 billion “Buy American” commitment.
1. KPR Mill & Welspun Living (Textiles): The 20% Club
The textile sector was the biggest victim of the previous 50% tariff regime. Today, KPR Mill and Garware Technical Fibres both hit the 20% upper circuit. With an 18% tariff, Indian garment exporters now have a 2% advantage over Vietnam and Bangladesh.
2. Infosys & Wipro (IT Services): The FII Magnet
The trade deal removes the “hanging sword” over the Rupee and H-1B visa anxieties. Wipro surged 6.8% and Infosys jumped 4.3% as FIIs (Foreign Institutional Investors) began a massive short-covering spree. Analysts believe IT is the safest “strategic play” for US capital flowing back into India.
3. Adani Ports: The Logistics Giant
As India commits to massive energy imports from the US and increased agricultural exports, the “gatekeeper” of Indian trade wins big. Adani Ports surged over 7% today, fueled by the expectation of record-breaking volumes at its western terminals.
4. Reliance Industries: The Energy Pivot
The deal requires India to shift oil imports from Russia to the US. Reliance, with its complex refineries capable of processing varied crude grades, is the primary “Deal-Maker” here. Its stock provided the heavy lifting for Nifty’s 1,200-point move.
What the Analysts are Saying
The mood on Dalal Street has shifted from “recession fears” to “animal spirits” in less than 48 hours.
- V.K. Vijayakumar (Geojit): “This is a game-changer. We are looking at corporate earnings growth accelerating to 16–18% in FY27 due to this trade stability.”
- Asit Manohar (Market Expert): “The record gap-up opening caught the ‘shorts’ off guard. What we saw today was a combination of genuine value buying and a massive Short-Squeeze.”
- Global Brokerages: Many have upgraded India to ‘Overweight,’ citing that the India-US deal effectively shields the country from the global “Tariff Wars” hitting China.
Also read: Why the 2026 Budget Makes ₹12 Lakh Income Tax-Free and How to Restructure Your Salary Now
💡 Pro-Tip: The “Short-Squeeze” Trap
While the 1,200-point jump is historic, keep an eye on the India VIX. A 5% jump in a single day often leads to a “cooling off” period. Don’t chase the 20% gainers tomorrow; wait for a minor retracement to the 26,000 Nifty level to build long-term positions.
The Bottom Line
Today’s 1,200-point explosion confirms that the “India-US Trade Deal” is a much bigger market mover than the “Budget 2026 STT Hike.” By securing an 18% tariff rate, India has leapfrogged its regional competitors. The “Common Man” investor who stayed calm through the Sunday crash is now sitting on gold. The message is clear: The “Trump Card” has been played, and it’s a Royal Flush for Indian exporters.
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