Sensex today is on fire!
The Sensex today, on 3rd Feb 2026, witnessed its most explosive opening of 2026, surging 2,500 points (3.1%) within minutes of the opening bell. This historic “Modi-Trump” rally was fueled by the removal of the 25% “Russian Oil Surcharge” on Indian goods. Investors are flocking back to the Sensex today, with heavyweights in the IT and Gems & Jewellery sectors, which are the primary beneficiaries of the new 18% tariff floor. With FPIs turning net buyers overnight, the Sensex today has finally broken out of its three-month horizontal range.
- Market Action: Sensex jumped 2,500+ points; Nifty 50 surged over 700 points to reclaim 26,000.
- Top Gainers: Titan, Kalyan Jewellers, and Goldiam surged up to 20% on export optimism.
- Currency Impact: The rupee appreciated to 89.50 against the USD following the trade announcement.
- Analyst View: Geojit Investments calls the 18% tariff a “valuation game-changer” for Indian mid-caps.
👉 Why this matters: The “tariff overhang” that haunted Indian markets in late 2025 is gone, clearing the path for a 90,000 Sensex target by Diwali.
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Written and summarized by our editorial team using human review & a bit of AI assistance. Edited & Approved by Debraj Paul, Founder of ArticoliNews Media-Tech