India-US Trade Deal Cheers Markets: Adani Enterprises Rallies, Nifty Infra All Green – Paper by Pocketful

Feb 03, 2026

Adani Enterprises (+%): Stock rose sharply after Q3FY26 profit jumped to ₹5,627 crore, revenue rose 8.6% YoY, EBITDA surged 62%, margins expanded to 15.2%, aided by exceptional gains.
City Union Bank (+4.48%): Stock rose after strong Q3FY26 results. Profit grew 16% YoY to ₹332.1 crore, NII increased 28% YoY to ₹752 crore, and asset quality improved with Gross NPA at 2.17% and Net NPA at 0.78%.
Varun Beverages (-3.26%): Stock declined after Q3 results despite 33% YoY rise in net profit to ₹260 crore. Sales volume grew 10.2% YoY, with India up 10.5% and international markets up 10.0%.
Aarti Industries (+%): Stock rose after Q3FY26 results. Consolidated revenue grew 26% YoY to ₹2,319 crore; EBITDA rose 11% QoQ to ₹323 crore, while PAT jumped 25% QoQ to ₹133 crore, supported by volume recovery and higher capacity utilisation despite margin pressures from U.S. tariffs.

Infra | Nifty Infra (+4.79%): The index advanced sharply with all constituents trading in green, supported by broad-based buying, strong capex optimism, and sustained investor interest.
Fin Services | Nifty Fin Services (+3.27%): The index rose today, led by HDFC Bank, ICICI Bank, and Bajaj Finance, as broad-based buying in banks/NBFCs, optimism on corporate earnings, and positive macro cues boosted sentiment, outweighing cautious rate outlook.
Healthcare | Nifty Healthcare (+3.16%): The index advanced today, led by 18 gainers and 2 losers, as broad-based buying in pharma and hospital stocks lifted overall sentiment.
Consumer Durables | Nifty Consumer Durables Index (+3.05%): The index moved higher today, led by Titan Company, Dixon Technologies, and Havells India, on sustained buying and positive demand outlook.

Technical Level: Nifty opened with a sharp gap-up of over 3% from the previous close, forming resistance near 26,310 and support around 25,640. The index traded in a wide range and closed strong, with all sectors ending in the green, fully recovering post-Budget losses on optimism surrounding the India–US trade deal.
Advance-Decline Ratio: Market breadth remained strongly positive, with 2,693 advances against 533 declines, reflecting broad-based buying and bullish sentiment.
The Big Picture: India and the U.S. announced a landmark trade deal cutting tariffs on Indian goods to 18%, from the earlier 25% reciprocal tariff plus an additional 25% penalty. Donald Trump said the move followed commitments by Narendra Modi on Russian oil imports. Markets surged, the rupee strengthened, global uncertainty eased, and Piyush Goyal is expected to brief Parliament.
FII/DII Activity (Feb 02, 2026): DIIs were net buyers worth ₹2,446 crore, while FIIs were net sellers of ₹1,832 crore, indicating strong domestic support amid selective foreign outflows.

Earnings Corner: Trent & The Tata Power Company are set to announce their Q3 results tomorrow.
Macro: Europe Inflation Rate YoY Flash (Jan) & USA ISM Services PMI (Jan) are scheduled to be released Tomorrow.
Index Watch: Nifty opened with a sharp gap-up of over 3%, fueled by India–US trade optimism, and sustained gains throughout the session. All sectors ended in the green, led by Infra, Financial Services, and Healthcare, pointing to a positive path toward the 26,000 level.

Resilience: Resilience is the ability to withstand challenges, adapt to change, and bounce back stronger after setbacks.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

Pocketful Paper