New Delhi, Feb. 4 -- A day after clocking stellar gains of 2.5% each, the Sensex and the Nifty 50 traded rangebound on Wednesday, February 4, swinging between gains and losses. The Sensex dropped over 600 points to an intraday low of 83,120, while the Nifty 50 dropped 25,570 during Wednesday's session. The mid and small-cap segments also witnessed selling pressure.

The domestic market saw a sharp rally on Tuesday after an India-US trade deal was announced. The deal, which reduced US tariffs on Indian goods from 50% to 18% is a significant positive for the Indian economy, especially for sectors like textiles, seafood, chemicals, auto ancillaries, and new energy businesses like solar.

The domestic market cheered the deal. But soon, the op...