Stock Market Today: Sensex Jumps 0.60% to 84,080, Nifty at 25,863 on India-US Trade Deal, SBI Up 6.7%

Overview

• Sensex traded up 500 points at 84,080 while Nifty gained 170 points or 0.66% to 25,863 amid India-US trade deal optimism.
  

• SBI Q3 results showed a net profit of Rs. 21,028 crore, bringing its Net NPA down to a record low of 0.39%.
  

• Stocks in focus today included Tata Steel, Adani Energy, JK Tyres, Kalyan Jewellers, and more as earnings reports drove investment sentiments.

Indian stock market today, February 9, showed bullishness. Sensex traded at 84,080, up 500 points or 0.60% at press time. Meanwhile, Nifty stood at 25,863, rising 170 points or 0.66%. However, BSE Smallcap index fell 2.19%, reflecting some profit-taking in mid and small-cap stocks.

Dalal Street seemed to be celebrating the India-US interim trade framework, which slashes tariffs on Indian goods to 18%. Other positive global cues also helped boost investor confidence. Banking stocks led the rally, with Nifty Bank index surging 542 points to 60,663, up 0.90%. State Bank of India was one of the biggest gainers.

Here’s what is happening in the stock market today based on Moneycontrol data. 

Why is the Indian Stock Market Up Today?

The biggest reason behind today’s bullishness is the interim trade agreement between India and the US. This deal helps Indian exporters by lowering taxes (tariffs) on goods such as clothing, leather, and jewelry. When export costs go down, profits go up, and that is why these sectors are seeing a lot of buying.

Another boost came from Japan. After Prime Minister Sanae Takaichi won a snap election, sending the Japanese Nikkei index climbing over 4%. This global wave of good news encouraged foreign investors (FIIs) to put more money into India.

Share Market News: Key Corporate Updates

State Bank of India (SBI) shares jumped over 6.7% to trade at Rs. 1,138.80. The bank reported a massive profit of Rs. 21,028 crore, which was much higher than what experts expected. Its ‘bad loans’ (Non Performing Assets) also fell to 1.57% from 2.07% a year ago. This clean balance sheet and strong operating performance set a positive tone for other banking stocks.

Tata Steel also reported positive Q3 results. The company’s profit grew to Rs. 2,688.70 crore, helping the stock rise over 3%. Kalyan Jewellers became one of the top gainers in the stock market today. The stock surged 11% to Rs. 422.25 after its profit nearly doubled to Rs. 416 crore. JK Tyre shares hit a 52-week high, climbing 7% following a three-fold increase in quarterly profit to Rs. 208 crore.

The Reserve Bank of India (RBI) recently kept its interest rates steady, which gave investors confidence on economic stability. This helped the  Indian Rupee gain strength, rising 21 paise to trade at 90.44 against the US dollar. RBI announcements on risk-based deposit insurance and liberalized branch opening norms for gold lending NBFCs (non-banking financial corporations) are expected to benefit the broader financial sector.

In other share market news, Adani Energy Solutions shared that it has secured new funding from Japanese banks led by MUFG and SMBC. The funding would be used for a renewable power transmission project in northern India. Adani Energy share price went up 1.14% on the announcement to Rs. 1,029.30.

The IT sector gained traction after extreme volatility over the last few days due to global technology sell-offs. Nifty IT index rose 0.38%. Tata Consultancy Services announced a partnership with Flight Centre Travel Group for global technology.

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Foreign Investment and Commodity Markets

Foreign portfolio investors turned net buyers in early February, injecting over Rs. 8,100 crore into Indian equities. This reversal in FII sentiment offered support to market levels. On February 6, FIIs purchased stocks worth Rs. 1,950.77 crore, while domestic institutional investors sold Rs. 1,265.06 crore.

Gold and silver prices extended gains as the dollar weakened globally. However, with the US inflation data (CPI) report scheduled for February 10, traders should be careful. If inflation is higher than expected, the dollar might strengthen again, which could put temporary pressure back on these metal prices. Crude oil futures declined, with Brent trading at $67.40 and WTI at $62.99, as US-Iran diplomatic talks eased supply concerns. 

Market Outlook

The Indian stock market today reflected signs of recovery after a long period of volatility due to trade war tensions, budget expectations, etc. Technical indicators suggest Nifty holds strong support at 25,500-25,450 levels, with potential upside targets of 26,300-26,400. Bank Nifty shows support at 59,500-59,400, with resistance near 60,850. Sustained FII inflows, export recovery momentum, and Budget-led capital expenditure initiatives will be key factors driving market sentiment in the coming sessions.

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FAQs

1. Why is the stock market up today?

The stock market is up today due to optimism around the India-US interim trade deal, strong buying in banking stocks, and positive Q3 results from SBI. Renewed foreign investor inflows and a stable rupee also supported sentiment. These factors together drove broad-based buying across large-cap stocks.

2. How are Sensex and Nifty performing today?

Sensex is trading near 84,080, up about 500 points, while Nifty is around 25,863, gaining roughly 170 points. Banking stocks are leading the rally, supported by strong earnings and positive trade-related developments. Market breadth remains mixed due to profit booking in small-cap stocks.

3. Why are bank stocks rising today?

Bank stocks are rising after SBI reported strong Q3 FY26 results, beating profit estimates and showing lower NPAs. Improved asset quality and reduced provisions boosted confidence in the banking sector. Expectations of stable interest rates and adequate liquidity support from the RBI further lifted banking stocks.

4. Which stocks are in focus today?

SBI, Kalyan Jewellers, JK Tyre, and Tata Steel are in focus today. SBI gained sharply after strong earnings, while Kalyan Jewellers jumped on higher profits. JK Tyre hit a 52-week high, and Tata Steel rallied on improved quarterly performance, drawing investor attention.

5. What is the outlook for the Indian stock market?

The near-term outlook remains positive, supported by strong earnings, FII inflows, and trade optimism. Technical indicators suggest solid support for Nifty around 25,500 levels, with potential upside if momentum continues. However, investors remain cautious about global risks and midcap volatility.