US President Donald Trump called the changes "effective immediately" on Truth Social, and Prime Minister Narendra Modi confirmed the development shortly afterward. Yet the absence of the actual agreement means much of the deal is being read between the lines rather than from a published document.
On the Multi Commodity Exchange, silver prices jumped sharply, while gold also posted strong gains in early trade. MCX silver was trading around Rs 2,53,792 per kg, up Rs 17,531 or 7.42% as of 10 am. MCX gold was near Rs 1,49,101 per 10 grams, higher by Rs 5,110 or 3.55%.
The India–US trade deal has supercharged sentiment, lifting Adani stocks and other heavyweights sharply. Here's a look at the top gainers as markets rally hard after the landmark announcement.
The India–US trade deal lifts a long-standing weight off investors' shoulders, giving the Sensex, Nifty and the rupee a cleaner runway. With clarity finally restored, the market's next leg higher suddenly looks more believable.
The S&P BSE Sensex jumped 2,271.45 points to 83,937.54, while the NSE Nifty50 climbed 691.70 points to 25,780.10 as of 9:28 am. The sharp rise came as investors reacted to clarity on the India-US trade agreement, which had remained delayed for months and was seen as a key reason behind recent market weakness.
While US President Donald Trump laid out the figure in public, the Indian government has so far not specified what such a commitment involves, raising questions over its scale, timing and credibility.
The India–US trade deal has given the Sensex and Nifty their strongest tailwind in months, setting the stage for what could become a far more extended market surge.
Early signals from the Gift Nifty point to a strong opening. Gift Nifty futures were trading at around 26,190 points at 8:26 am. This suggests that the Nifty 50 index could open nearly 4.5% higher than Monday's closing level of 25,088.4.
The government has shifted buyback taxation to a capital gains framework, while tightening rules for promoters who were seen as misusing buybacks as a tax-saving tool.
Instead of leaving the details to official statements, US President Donald Trump chose to spell out the trade deal himself, framing it as a result of personal diplomacy and immediate action.
Also shedding light on the much-awaited US-India trade deal, which had faced several roadblocks with New Delhi adamant about not opening its agriculture sector to Washington, Trump said that an agreement is finally on the cards. Trump said he lowered the reciprocal tariffs following discussions with PM Modi, describing the move as a gesture of "friendship and respect."
The Union Budget 2026 may not have changed income tax rates, but it brings several practical updates that affect how individuals file returns, disclose income and deal with compliance. From easier timelines to simpler rules, here are the key takeaways taxpayers should know.
On the Multi Commodity Exchange (MCX), silver prices have dropped sharply from their record peak, while gold has also seen a strong correction.
After touching record highs in recent weeks, silver prices have cooled sharply. The metal has slipped by nearly Rs 17,000, prompting investors to pause and reassess whether this fall is a buying opportunity or a sign to stay cautious.
The S&P BSE Sensex rallied 943.52 points to close at 81,666.46, while the NSE Nifty50 added 262.95 points to end at 25,088.40.
A key announcement in the Budget was the proposal to set up a High-Level Committee on Banking for Viksit Bharat. The committee will undertake a comprehensive review of the sector and suggest reforms to align it with India's next stage of economic growth.
In the Union Budget 2026, Finance Minister Nirmala Sitharaman announced an increase in STT on futures and options trades.
Smokers are now paying more at the counter. From February 1, cigarette prices have gone up following a fresh tax hike, marking the first increase in nearly seven years.
Gold and silver prices have tumbled sharply over the past few days. Read on to know the reason behind the rapid decline, and whether investors should buy or wait for further correction.
Finance Minister Nirmala Sitharaman made it clear in her Budget speech that the Securities Transaction Tax, or STT, will go up for derivatives trades from April 1, 2026.
