Finance News 23 November 2025

February 2, 2026, 11:14 PM EST. Indian equity benchmarks are set for a gap-up open following a trade deal between India and the US that will cut reciprocal tariffs on Indian goods from 25% to 18%. The move boosted Nifty futures by 4.56%, signaling strong investor optimism. On Monday, the SENSEX recovered over 1,000 points, led by heavyweights like Reliance Industries and ICICI Bank. Market experts say the deal reduces uncertainty over the rupee and equity markets. In Asia, markets were mixed but mostly higher amid positive U.S. factory activity data. Wall Street ended higher with the Dow Jones up 1.05%. The trade agreement and upbeat capital expenditure outlook are key drivers shaping market sentiment as India opens on Tuesday.