Stock market recap, Feb. 4 -- Indian stock markets rallied on Tuesday, 3 February, after India and the US confirmed the long-awaited trade deal. US President Donald Trump said that reciprocal tariffs on Indian goods would be reduced to 18%, from 50%. In return, India agreed to significantly lower both tariff and non-tariff barriers on American products, effectively bringing them down to zero.

The benchmark BSE Sensex ended 2072.67 points higher or 2.54% to end at 83,739.13. The Nifty 50 climbed 629.75 points, or 2.51%, to settle at 25,718.15 during the session. Nifty Smallcap and Nifty Midcap indices also surged around 3% in trade today.r

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