New Delhi, Feb 7 || The Indian stock markets remained volatile during the week but ended with healthy gains, after the announcement of the India-US trade deal sparked a strong recovery, helping domestic indices absorb the early weakness following the increase in securities transaction tax (STT) on derivatives in Budget 2026–27, analysts said on Saturday.
Bullish momentum resurfaced towards the end of the week with supportive global and domestic triggers outweighing initial Budget-related concerns.
Sentiment improved further after the RBI kept policy rates unchanged and revised its GDP growth estimates upward. As a result, the benchmark indices — Nifty and Sensex — closed at 25,693.70 and 83,580.40, respectively. Broader indices also advanced, reflecting improved risk appetite, said Ajit Mishra – SVP, Research, Religare Broking Ltd.
Market cues were largely positive on both domestic and global fronts.
Equities rebounded sharply after the US announced a reduction in tariffs on Indian goods to 18 per cent following high-level discussions.
Meanwhile, India–China trade data indicated that bilateral trade reached a record $155 billion in 2025.