Stock Market Today: Sensex Reclaims 84k, Nifty Near 25,900 as India-US Trade Pact & SBI Results Fuel Rally
Dalal Street witnessed a 'Super Monday' on February 9, 2026. The Sensex crossed 84,000 and Nifty closed near 25,900, driven by the historic India-US trade deal and a landslide win for Sanae Takaichi in Japan. SBI surged 7% on record profits. Read the full market report.
Mumbai:
Monday, February 9, 2026, will be remembered as a day when domestic and global positive triggers converged to trigger a massive bull run on Dalal Street. Shrugging off the recent volatility, the Indian equity benchmarks staged a spectacular comeback, with the BSE Sensex reclaiming the psychological 84,000 mark and the Nifty50 closing within striking distance of 25,900.
The market sentiment was buoyed by a "triple booster dose": the historic India-US interim trade framework, a record-breaking rally in Asian markets following Prime Minister Sanae Takaichi’s landslide victory in Japan, and blockbuster earnings from India's largest lender, State Bank of India (SBI).
Market at a Glance: Closing Bell
-
BSE Sensex: The 30-share index opened with a gap-up of over 400 points and sustained the momentum throughout the day. It eventually closed at 84,065.75, up by 485.35 points (+0.58%).
-
NSE Nifty50: The broader index outperformed its peer, advancing by 173.60 points (+0.68%) to settle at 25,867.30.
-
Bank Nifty: The banking index was the star of the show, surging nearly 1% to cross 60,600, driven single-handedly by PSUs.
The 'Trade Deal' Euphoria
The primary driver for the rally was the weekend announcement of the India-US interim trade pact.
-
Export Boost: Investors rushed to buy stocks in sectors that will benefit from the reduced 18% tariff regime and zero-duty access.
-
Sectoral Winners:
-
Textiles: Stocks like Trident, Welspun Living, and Gokuldas Exports hit their upper circuits (5-10%).
-
Gems & Jewellery: Titan Company (up 3.04%) and Kalyan Jewellers (up 11%) rallied sharply as the "zero-tariff" clause on jewelry exports to the US promises to unlock billions in revenue.
-
SBI: The Elephant Dances
The biggest news of the day came from State Bank of India (SBI). The PSU giant reported its highest-ever quarterly net profit of ₹21,028 crore for Q3 FY26, beating all street estimates.
-
Stock Reaction: SBI shares skyrocketed 7.63% to close at a new record high of ₹1,147.80, contributing the most to the Nifty's gains. This pulled the entire Nifty PSU Bank index up by a massive 3.34%.
Global Cues: The 'Takaichi' Effect
Asian markets provided strong tailwinds. Japan’s Nikkei 225 surged 4.5% to hit an all-time high of 57,337 after PM Sanae Takaichi’s Liberal Democratic Party (LDP) secured a supermajority in Sunday’s snap election.
-
Why it matters: Takaichi’s victory ensures stability in the Asian region and promises aggressive economic stimulus ("Sanaenomics"), which has boosted investor confidence across emerging markets, including India.
Top Gainers and Losers
| Top Gainers (Nifty) | Change | Top Losers (Nifty) | Change |
| SBI | +7.63% | Max Healthcare | -2.82% |
| Shriram Finance | +6.03% | NTPC | -1.05% |
| Grasim | +3.11% | ITC | -0.95% |
| Titan | +3.04% | ONGC | -0.84% |
| Dr Reddy's | +2.80% | ICICI Bank | -0.78% |
The IT Worry Persists
Despite the overall cheer, the Nifty IT index remained flat (+0.02%). The sector is still reeling from the "Anthropic shock" (fears of new AI tools replacing outsourcing jobs), with giants like TCS and Infosys facing selling pressure at higher levels.
Conclusion:
With the Nifty closing firmly above the 20-day EMA (Exponential Moving Average), technical analysts predict a move towards 26,000 in the coming days. However, all eyes will now turn to the US inflation data due later this week.
