The Indian stock market witnessed a strong rally on February 9, 2026, with both the Sensex and Nifty opening on a positive note. The BSE Sensex opened at 84,177.51, a gain of 597.11 points or 0.71 percent, while the Nifty 50 index opened at 25,888.70, up 195 points or 0.76 percent.

Key Factors Driving the Market Rally

Several factors contributed to the surge in the Indian stock market today:

• India-US Trade Deal Clarity: Improving sentiment driven by clarity on the India-US trade deal acted as a major tailwind for the Indian market. The interim trade framework between the two countries is designed to reduce tariffs and enhance economic collaboration. The removal of punitive tariffs from the U.S. and the implementation of the India-US trade deal framework has provided a major boost to market sentiment. Indian exporters are expected to have a competitive advantage in the US market under this interim trade framework.

• Supportive Domestic Factors: Supportive domestic factors also played a role in the market's positive performance. The Union Budget's infrastructure and fiscal push is one of the major catalysts supporting the markets. Consistent SIP inflows and buying from domestic institutions continue to act as shock absorbers.

• Positive Global Cues: Positive global cues also contributed to the rise. Asian markets traded higher, with Japan's Nikkei surging to record high levels. US stock futures also gained.

• Foreign Institutional Investor (FII) Buying: A significant positive trigger for the market is the return of FIIs as net buyers in the cash market in three out of the last four trading days.

• Strong corporate earnings: Positive earnings reports from major companies, such as State Bank of India (SBI), further fueled the rally.

Sectoral Performance

The sectoral indices on the NSE opened in the green. Nifty PSU Banks rallied more than 2 percent, the Metal index was up 1.5 percent, the IT index gained 0.6 percent, Auto rose 0.56 percent, and FMCG was up 0.3 percent. The Nifty Bank rose 424 points or 0.70%.

Expert Opinions

Market experts believe that the clarity on the US-India trade deal has removed uncertainty and boosted investor confidence. According to Ajay Bagga, the removal of punitive US tariffs and the implementation of the India-US trade deal framework represents a big tailwind for Indian markets. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, stated that the Indian businesses, particularly exporters, will benefit from the trade deal.

Technical Outlook

Technically, immediate resistance for Nifty is seen in the 25,800-26,000 range, and a decisive move above this band can trigger short covering towards 26,100-26,300. On the downside, 25,640 acts as the first support, with the next cushion at 25,500–25,450.

Conclusion

The Indian stock market is currently experiencing a strong rally driven by a confluence of factors, including the India-US trade deal clarity, supportive domestic cues, positive global market trends and renewed FII buying. While the market is expected to remain positive, investors should remain cautious and monitor key resistance levels.