Sensex and Nifty 50 opened in the green on Monday, February 9, tracking positive global cues and optimism around the interim India-US trade framework announced last week. Sensex was trading 597 points up at 84,177, while Nifty 50 was up 150 points at around 25,800 in early trade.
The Indian rupee slipped slightly and fell 2 paise to 90.67 against the US dollar in early trade on Monday. to follow stock market live updates
The outline of an interim India-US trade agreement released on Saturday outlines steps to reduce tariffs, strengthen energy ties and deepen economic cooperation as both countries look to realign global supply chains.
Under the proposed arrangement, the US would reduce tariffs on Indian exports such as textiles and apparel, leather and footwear to 18%, while India is expected to reduce or eliminate tariffs on all US industrial goods and cut tariffs on a wide range of US agricultural and food products.
Global signals were also helpful. Asian markets rose sharply in early trading, led by Japan, following Prime Minister Sanae Takaichi’s decisive election victory.
Meanwhile, precious metals continued their uptrend on Monday, with gold and silver registering sharp gains in early trade. According to ANI news agency, 24 carat gold prices jumped 1.51% to Rs 1,57,693 per 10 grams, while silver rose 5.35% to Rs 2,63,258 per kg, reflecting strong buying interest in the bullion market.