Sensex, Nifty Surge: 5 Key Reasons Behind India's Stock Market Rally Today

Share Market
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CNBC Awaaz•09-02-2026, 11:11
Sensex, Nifty Surge: 5 Key Reasons Behind India's Stock Market Rally Today
- •Indian stock market opened strong, with Sensex up 445.83 points (0.53%) to 84,026.23 and Nifty gaining 154.10 points (0.6%) to 25,847.80.
- •India-US interim trade framework, ending a 10-month tariff dispute, boosted market sentiment; US reduced tariffs on Indian products.
- •SBI's Q3 results exceeded expectations, leading to a nearly 6% surge in its shares and improved credit growth guidance.
- •Foreign Institutional Investors (FIIs) turned net buyers, injecting Rs 1,950.77 crore into the equity market on Friday.
- •Positive global cues from Asian and US markets, coupled with a drop in Brent crude oil prices to $67.41 per barrel, further fueled the rally.
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