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Informist, Monday, Feb. 9, 2026

 

By Gopika Balasubramanium

 

MUMBAI – Analysts expect investors to remain positive and see the benchmark indices gaining as more details on the India-US trade deal have been released. Shares of companies belonging to sectors that stand to benefit from the agreement as well as metal companies are expected to be in focus, analysts said. Investors will also focus on the December quarter earnings of companies that are set to declare this week as the earnings season nears its end.

 

"Overall, we expect the market to continue its gradual upmove, with stock-specific action likely to remain in focus as the third-quarter earnings season approaches its final leg, with several companies scheduled to announce results this week, while US export beneficiaries--on the back of the trade deal--and metal companies are expected to remain in focus," Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd., said in a note.

 

Monday, the Nifty 50 closed at 25867.30 points, up 173.60 points or 0.7%. The benchmark index rose for the second successive session. Analysts had expected the 50-stock index to move in a range between 25500 and 25800 points this week. However, greater clarity on the trade deal through the India-US joint statement prompted investors to buy shares of Indian companies. According to the Nifty 50 options chain, there was a rise in premiums of contracts at strikes above Monday's close and a decline in premiums on the put side, implying near-term bullishness in the market.

 

Technical analysts expect the 50-stock index to find support at 25650 points and face immediate resistance at 26000 points. If the index can break through this level, the next resistance will be encountered at 26200 points.

 

Analysts said the India-US deal has been a sentimental positive for the market, for it has dissolved the uncertainty on growth and outlook since tariffs were imposed on Indian goods exports to the US around six months ago. Economists are positive that the recent trade agreements signed by the country with the US and the European Union will boost nominal GDP growth for the financial year starting Apr. 1. "We upgraded our forecast for India's real GDP growth in CY26 by 20bp (basis points) to 6.9% yoy (year on year) reflecting the lower US tariffs," economists at Goldman Sachs said in a report. The brokerage also said the pressure on the Indian currency has eased substantially with foreign inflows coming in after the trade deal was announced. Since then, the currency has appreciated around 1%. 

 

Further, there are signs of foreign investors returning to the Indian market, with them turning net buyers in two of the four sessions since the deal was announced. So far they have net bought INR 32 billion. Domestic investors continue to invest in equities.

 

Elara Securities India said a rotation from US technological players to non-tech areas has been actively playing out so far in 2026. Data from Emerging Portfolio Fund Research shows that after six weeks of sustained redemptions, India-focused funds showed early signs of stabilisation, with marginal inflow of $67 million this week, the broking firm said. The conclusion of the trade deal with the US and correction in relative premium to the MSCI emerging market index should give a further fillip to inflows from foreign investors, it said.  End

 

Edited by Rajeev Pai

 

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