SENSEX zooms 2,284 pts, NIFTY50 above 25,750 in noon deals; Reliance, Bharat Forge among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued their upward momentum, trading in deep green during the afternoon session on Tuesday, February 3, bolstered by buying in chemicals, realty, and capital market shares, as the United States and India agreed on a trade deal.

The SENSEX zoomed by as much as 4,205,27 to an intraday high of 85,871.73. Meanwhile, the NIFTY50 touched the session’s high of 26,341.20.

At 12:40 PM, the S&P BSE SENSEX skyrocketed by 2,284.06 points, or 2.80%, to 83,950.52. NSE’s NIFTY50 stood at 25,798.65, reflecting a 710.25 points, or 2.83% jump.

On Monday, the foreign institutional investors (FIIs) sold stocks worth ₹1,832.46 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹2,446.33 crore on a net basis, according to exchange data.

The NIFTY50 index was led by Adani Enterprises (11.24%), Jio Financial Services (8.79%), Adani Ports and Special Economic Zone (8.55%), Bajaj Finance (5.73%) and Eternal (5.06%), which were among the top gainers.

On the contrary, Coal India (-0.26%) and Nestle India (-0.04%) were the only two constituents of the NIFTY50 index that were trading in the red.

Buzzing stocks on February 3: Check list

India and the US agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18% from the current 25%, US President Donald Trump said on Monday, following a phone conversation with Prime Minister Narendra Modi.

This comes as the much-awaited India-US trade deal, which was agreed on Monday late at night.

Shares of Reliance Industries (RIL), the oil-to-telecom conglomerate, on Tuesday, February 3, surged as much as 7.12% to hit a high of ₹1,489.50 apiece on the NSE in the intraday trade.

This comes as Reliance Jio bought a 50.1% stake in Sikhaya Entertainment for ₹150 crore.

“Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of the company has, on February 2, 2026, entered into definitive agreements with Sikhya Entertainment Private Limited (SEPL) and existing shareholders of SEPL and has acquired through primary and secondary transactions, in aggregate, 50.1% equity stake in SEPL for an aggregate cash consideration of ₹150 crore,” it said in a regulatory filing on Tuesday.

This acquisition enables Jio Studios, the media and content arm of Reliance Industries, to further consolidate its pre-eminent position in the media and entertainment sector, it added.

The stock also rallied as the overall market sentiment got a major boost after India and the US announced a trade deal.

The stock of Bharat Forge gained as much as 10% to hit a 52-week high of ₹1,588 per equity share, as its subsidiary JS Auto Cast secured investment worth ₹300 crore from Premji Invest by way of primary infusion into the company.

Following the investment, Premji Invest will hold 23% stake on a fully diluted basis post the infusion in JS Auto Cast, it said in a regulatory filing on Monday.

“The capital will be utilized to accelerate the growth of JSA by expanding its casting capacity, investing in medium casting capacity and consolidation of the industry via acquisitions,” it added.

Shares of City Union Bank surged as much as 13.54% to a new record high of ₹324.10 per unit on the NSE, after it reported its earnings for Q3FY26.

Its net profit increased 16% YoY to ₹332 crore during the quarter under review, compared to ₹286 crore in Q3FY25.

Its NII rose 28% YoY to ₹752 crore in the December quarter of FY26, as against ₹587.7 crore in the year-ago period.

Godrej Properties stock sored 11.73% to the session’s peak of ₹1,743.10 apiece, after it said that it sold homes worth ₹2,000 crore in a luxury housing project in Worli, Mumbai.

In a regulatory filing, the realty company stated it has sold homes worth over ₹2,000 crore in the first phase of its new project, Godrej Trilogy, at Worli, South Mumbai.

Godrej Properties has launched homes valued at about ₹3,500 crore for sale.

The Mumbai-based firm has "sold nearly 100 homes at Godrej Trilogy since the launch of the project in November 2025".