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The financial markets showed significant movement this week, ending on a high note as global optimism and domestic trade developments countered earlier volatility.
Indian Markets: A Green Finish
After a rollercoaster week following the Union Budget 2026 and a sharp hike in the Securities Transaction Tax (STT), Indian benchmarks, the Sensex and Nifty 50, managed a recovery on Friday.
- Sensex: Closed up 266.47 points at 83,580.40.
- Nifty 50: Gained 50.90 points to settle at 25,693.70.
The recovery was largely fueled by a landmark India-US interim trade agreement announced today, February 7, 2026. The deal, which reduces tariffs to 18% and aims for zero duties on pharmaceuticals and gems, provided a much-needed boost to export-oriented sectors.
Top Gainers
ITC | +5.21% |
Hindustan Unilever | +2.83%
Kotak Mahindra Bank | +3.33% |
Top Losers
HDFC Life | -2.40%
Tech Mahindra | -1.83%
TCS | -1.71%
Global Context: Wall Street History
Overseas, the Dow Jones Industrial Average made history on Friday by crossing the 50,000 mark for the first time. The surge was driven by a massive rebound in tech stocks—specifically Nvidia, which rose nearly 8%—and renewed hopes for interest rate cuts.
However, the IT sector in India remained under pressure as investors weighed the disruptive impact of new AI technologies on traditional outsourcing models.
Outlook for the Week Ahead
Investors are now pivoting toward the RBI Monetary Policy announcement. While many expect the central bank to maintain current interest rates, any “dovish” commentary regarding future cuts could spark a fresh rally toward the 26,000 level for Nifty.
Key Support Level: 25,500
Immediate Resistance: 25,750 – 26,000
