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Informist, Monday, Feb. 9, 2026

 

By Gopika Balasubramanium

 

MUMBAI – The benchmark indices closed higher Monday after India and the US released a joint statement on the trade deal between the two countries Saturday. The indices have risen 3% since US President Donald Trump posted about the deal last week, but they are still far from their record highs hit in early January.

 

Immediate implementation of the India-US trade deal implies an upside of 40 basis points over the estimated 2026-27 (Apr-Mar) nominal GDP, Elara Securities said in a strategy report. The broking firm also expects a combined push of 60-65 basis points in the medium-term, as trade agreements with the European Union as well as the US materialise from 2027. "Sector-wise, direct gains are concentrated in Textiles, Generic Pharma, Auto components, gems & jewellery, Chemicals, Aviation, Gas and Logistics," it said in the strategy report.

 

The Nifty 50 closed 173.60 points or 0.7% higher at 25867.30 points. The 50-stock index broke the near-term resistance of 25800 points that technical analysts had predicted. From the intraday fall to 24571.75 points on Feb. 1 when the finance minister announced a hike in the Securities Transaction Tax on futures and options transactions, the index has risen more than 5%. However, the index is roughly more than 500 points away from the record high of 26373.20 points hit in early January.

 

The BSE Sensex closed at 84065.75 points, up 485.35 points or 0.6%. All the small- and mid-cap indices also ended the session higher. Small-cap indices gained over 2%, outperforming mid-cap peers. All the sectoral indices also closed in the green.

 

Among stocks, State Bank of India rose to a record high of INR 1,150 as the net profit of the country's largest lender rose over 24% on year in the December quarter and net interest income rose 9% on year. Announcing the earnings on Saturday, the management also revised its credit growth guidance for FY26 due to robust demand for credit across segments. It now sees the metric at 14-15%. Shares of the state-owned lender closed the day 7.5% higher at INR 1,146. The stock was the top Nifty 50 gainer. 

 

Shriram Finance closed 6% higher and was the second largest gainer in the 50-stock index, rising for the second straight session. Last week, both the exchanges had given approval to the lender to issue 471.12 million equity shares on a private placement basis to MUFG Bank. The stock had dipped 3% post this news, but has recouped all the losses.

 

Elara Securities expects the Nifty 50 to rise over 15% "compounding" into FY27, supported by earnings recovery, strong retail-investor-led flows and a recovery in foreign inflows. "The combination of trade agreements and lower US tariffs amid higher-than-expected concessions...sets stage for turning point for both for growth as well as equity markets," the brokerage said. However, some heads of research at medium-sized broking firms said that earnings upgrades for large-cap companies will be primarily prompted by visibility of improvement in earnings growth on ground. They also said that the deal announcement is sentimentally positive for the market.

 

Following the joint statement by India and the US, traders bought shares of companies belonging to sectors such as seafood, auto ancilliary, textiles, and rice exports. Shares of seafood exporters such as Apex Frozen Food, Avanti Feeds, and Watebase closed 3-10% higher. Textile exporters such as Trident, Kitex Garments, and Vardhman Textiles gained 3-8%. Some rice exporters such as Sarveshwar Foods and Chaman Lal Setia Exports ended the session with 2-3% gains.

 

"However, despite improved clarity, the US Executive Order explicitly allows for re-imposition of duties should India resume Russian oil imports," JM Financial said in a strategy report. "Historical precedent, including the US–Korea FTA, highlights the risk of later sector-specific safeguards and reinterpretations. Trade policy under the current US administration remains closely intertwined with geopolitical considerations," the brokerage said.

 

Kalyan Jewellers closed 15% higher after the company reported strong earnings for the December quarter, with its consolidated net profit surging over 90% on year and revenue rising over 24%. The management said it expects to end the current financial year on a strong note, despite the continuing volatility in prices of precious metals, due to strong traction and higher consumption amid the ongoing wedding season in India. Shipping Corp. of India surged over 20% following the company's robust earnings for the December quarter. The company Friday reported a fivefold on-year jump in its consolidated net profit and 22% on-year rise in revenue.

 

* Of the Nifty 50 stocks, 37 rose and 13 fell

* Of the Sensex stocks, 22 rose and 8 fell

* On the NSE, 2,485 stocks rose, 727 fell, and 93 were unchanged

* On the BSE, 3,110 stocks rose, 1,254 fell, and 173 were unchanged

* Nifty Media: up 4.4%; Nifty Consumer Durables: up 3.6%; Nifty IT: flat

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BSE                                                 NSE

Sensex: 84065.75, up 485.35 points or 0.6%          Nifty 50: 25867.30, up 173.60 points or 0.7%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 80722.94 (Feb. 1)	: 2026 Closing Low: 24825.45 (Feb. 1)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 79899.42 (Feb. 1)	: 2026 Low (intraday): 24571.75 (Feb. 1)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

Edited by Ashish Shirke

 

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