🇮🇳 Indian Markets Pre-Market Report (Sentiment Check) — Feb 4, 2026
Indian Markets Pre Market Report Today: After Tuesday’s powerful relief-rally, today’s sentiment is “positive but cautious” — because the India–US trade deal is a big tailwind, but global tech volatility + profit-booking risk can create a choppy open.
🌍 Global Cues — What Happened Overnight
🇺🇸 US Markets (Feb 3 close)
Wall Street ended lower as investors worried about AI-led disruption hitting software names; traders also stayed cautious ahead of mega-cap earnings.
Dow: 49,240.99 (-0.34%)
S&P 500: 6,917.81 (-0.84%)
Nasdaq: 23,255.19 (-1.43%)
Single-line takeaway: US risk appetite cooled, especially in tech — so India may open slightly soft even after a strong domestic close.
🇪🇺 Europe (previous session)
Europe stayed steady-to-positive overall, with the broader region holding near record territory.
STOXX 600: 617.93 (+0.1%)
Euro STOXX 50: ~5,991 (closed lower on the day)
Single-line takeaway: Europe is resilient, but not aggressively “risk-on” — supportive backdrop, not a trigger for a gap-up.
🌏 Asia (Feb 4 morning)
Asian markets were upbeat in early moves, led by strong momentum in North Asia; China and Hong Kong also held firm.
Hang Seng: ~26,834 (slightly higher) 👉ABC news
Shanghai Composite: ~4,067 (higher)
KOSPI: sharp jump (risk-on rebound)
Single-line takeaway: Asia is providing support — that can cushion any US-led weakness at our open.
📍 Gift Nifty — Early Signal for India (Feb 4 morning)
Gift Nifty futures were seen ~85 points lower near 25,779 in early trade. NSE indication also showed Gift Nifty futures around 25,815.50 earlier this morning.
What it means: opening may be mildly negative/flat, but broader structure remains constructive if dips are bought.
🤝 India–US Trade Deal — Key Benefits for Markets
This is the dominant domestic driver right now.
Why markets liked it
The deal cuts US tariffs on Indian goods to ~18% from 50%, reducing a major overhang on exporters and overall sentiment.
Reuters also notes the framework includes India lowering barriers and a shift in energy purchasing strategy — which markets read as “visibility + reduced uncertainty.”
Who could benefit
Export-facing sectors: select industrials, auto ancillaries, specialty manufacturing, textiles/consumer export chains (deal reduces tariff stress).
Rupee + bonds + equities alignment: the relief rally came with a strong currency move and broad risk-on.
🏁 India Last Session Snapshot (Feb 3 close)
Tuesday was a blockbuster move after the trade-deal headline.
Sensex: 83,739 (+2.54%)
Nifty 50: 25,727.55 (+2.55%)
Bank Nifty: 60,041.30 (+2.43%)
👉More details read yesterday’s post market report Indian Markets Post Market Report Today (03.02.2026)
Market tone: broad-based buying + aggressive short covering. The only near-term risk is profit booking after a steep single-day rise.
🎯 Indian Markets Pre Market Report Key Levels to Track Today (Support and Resistance)
Nifty 50
Support zone: 25,600–25,500 (buy-on-dips area if sentiment stays intact)
Resistance zone: 25,800–26,000 (supply / call OI heavy zone)
Bank Nifty
Support: 59,800 (important “hold” level)
Upside hurdles: 60,200 → 60,437, then 61,000+
Sensex
Support: 83,200 area
Resistance: 84,500 area
🧾 SEBI Update — New Rule Watch (Impact on Trading)
SEBI has introduced a circular on Closing Auction Session (CAS) and changes in the pre-open auction framework (implementation later in 2026).
Why it matters (simple):
Aim: better closing price discovery + reduce last-minute price manipulation risk.
Traders may see better transparency around close/pre-open mechanics; execution strategies could evolve, especially for active traders.
📌 Derivatives Desk — OI, PCR & VIX
Open Interest (Nifty)
Max Call OI: 26,000 (then 25,800) → resistance band near 25,900–26,000
Max Put OI: 25,500 (then 25,800) → support band near 25,600–25,500
Put-Call Read (quick)
Positioning suggests support is reasonably strong below 25,600, but upside may face a pause near 26,000 unless fresh triggers arrive.
India VIX
VIX cooled and was reported around ~12.9 after the rally (lower fear vs prior sessions).
🧠 Q3 Results Outlook — 2 Stocks in Focus
1) Bajaj Finance
Q3 update highlights: NII up ~21% YoY, but reported profit dipped ~6% YoY (provisions higher).
Market read: core growth looks healthy; near-term stock reaction depends on commentary around asset quality, credit costs, and growth guidance.
2) Adani Port and SEZ
Q3 snapshot: profit up ~21% YoY, revenue up ~22% YoY, and guidance commentary stayed supportive.
Market read: strong operational momentum; keep an eye on follow-through buying after the sharp move.
👉More major stocks q3 results from Banking,IT and Pharma keep reading Banking Sector Q3 Results (FY26):For 4 Major Banks HDFC Bank, ICICI Bank, Kotak Mahindra Bank & Bank Of India.
Q3 FY26 Results Update: TCS, Infosys, HCLTech
🧾 IPO Updates — New & Ongoing
SME space is active today with listings scheduled.
Accretion Nutraveda — listing date: Feb 4, 2026 (BSE)
Kanishk Aluminium India — listing date: Feb 4, 2026 (BSE) 👉Money control
What to do: if you applied, track listing/price behavior for the first 30–60 minutes — SME counters can be volatile.
💰 FII & DII Data (Cash) — Latest
FII net buy: ~₹5,236.28 crore (Feb 3)
DII net buy: ~₹1,014.24 crore (Feb 3)
Meaning: rally had real institutional participation — not just retail or short covering.
🪙 Commodities Check — Gold, Silver, Crude
🥇Gold
Gold ~₹1,53,650/10g
🥈Silver
Silver ~₹2,67,000/kg
Gold and silver have seen extreme volatility recently due to margin changes and macro moves.
Takeaway: commodity volatility can spill into risk sentiment; keep an eye on sharp spikes/drops.
🛢️Crude Oil
Reuters showed
Brent ~$67.97/bbl
WTI ~$63.83/bbl
India angle: softer crude is typically supportive for inflation/current account, helping the rupee and rate outlook.
💱 Currency Update — Rupee & Dollar
Rupee had a sharp move after the deal, with reports highlighting ~₹90.32 per USD close. NSE also showed USDINR futures ~90.3675 in the latest visible snapshot. 👉Economic time
Simple view: a stable-to-strong rupee supports foreign flows and reduces imported inflation pressure.
🧩 Investment Playbook — Short Term vs Long Term
🔹Short-term (1–10 trading days)
Expect gap/whipsaw moves after a big rally day.
Strategy: prefer buying dips near support instead of chasing gaps (25,600–25,500 zone is key).
Traders should respect 26,000 as a supply zone unless OI unwinds.
🔸Long-term (6–24 months)
Trade-deal visibility + capex narrative remains supportive; dips in quality leaders can be used to build with risk control.
Keep diversification: core index funds/large caps + measured sector exposure (banks/industrial/manufacturing themes).
✅ Today’s Quick Summary (1 minute)
Sentiment: Positive but cautious (post-rally digestion likely).
Gift Nifty: mildly negative/flat signal.
Big trigger: India–US trade deal (tariff cut narrative supports flows + exporters).
Risk: global tech wobble and profit booking after a vertical move.
👉Further reading
Indian Markets Weekly View (Feb 1–Feb 6, 2026)
India’s New Labor Codes: Why Companies Are Taking “Thousand-Crore”
How Much Should You Invest Every Month? A Simple Guide for Salaried People
Mutual Funds Explained:Types, Returns & Risks
Corporate Actions Made Simple for Beginners Stock Market 101-Lesson 15
⚠️ Disclaimer:
This Indian markets pre market report is for educational information only, not investment advice. Markets involve risk; please consult a SEBI-registered advisor before investing.