*Market Commentary February 5, 2025* ➡️India's benchmark indices, Sensex and Nifty, surged 1.8 percent on the back of strong gains in capital goods, banking, energy, and auto stocks. Market sentiment remained upbeat ahead of the Reserve Bank of India's bi-monthly policy announcement scheduled for Friday. ➡️US stocks rallied on Tuesday, while gold reached new highs as global trade jitters kept investors guessing. All three major US stock indexes gained momentum after last-minute negotiations resulted in one-month reprieves on President Donald Trump's 25% levies against Canada and Mexico. ➡️Asian stocks rose as traders navigated their way through a US-China trade war and earnings from Wall Street's big tech companies. ➡️The GIFT Nifty is trading higher, indicating a positive start for the day.