The Trade Deal High Meets the Tech Low: Navigating Nifty’s New Pivot
The Indian markets are currently caught in a fascinating tug-of-war that perfectly illustrates the "buy the rumor, sell the news" phenomenon. After yesterday’s historic 2.5% surge—fueled by the landmark India-US trade deal that slashed reciprocal tariffs to 18%—the Nifty and Sensex have opened under pressure today, February 4, 2026. This cooling-off is primarily a reaction to a brutal tech selloff on Wall Street, where the Nasdaq tumbled 1.4% overnight. Investors are now balancing the long-term euphoria of "Made in India" exports finally gaining a competitive edge in the US against the immediate reality of high valuations and a global software rout. While sectors like Textiles, Pharmaceuticals, and Adani-led Infrastructure are still basking in the glow of improved trade ties, the Indian IT pack is feeling the heat, with heavyweights like TCS and Infosys dragging the indices as they track their US peers. It’s a healthy digestion of yesterday’s massive gains. The tech...