Stock market today, Feb. 4 -- After witnessing strong buying on Tuesday, the Indian stock market may continue to draw support from positive progress in India-US trade discussions, which remains the key sentiment driver. Improved visibility on external trade risks has revived confidence and renewed interest in export-oriented sectors. After the strong multi-day rally, some profit-booking and range-bound action cannot be ruled out. That said, easing global uncertainties, sustained domestic capex momentum, and a stable macro backdrop keep the near- to medium-term outlook constructive.

Early signs of renewed FII participation following trade-related optimism are further adding to the positive undertone. Market direction today will largely de...