Photo used for representation purpose only.
| Photo Credit: Reuters

Benchmark stock indices Sensex and Nifty rebounded nearly 2% on Tuesday (February 4, 2025) in line with a recovery in Asian peers after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month.

The 30-share BSE Sensex jumped 1,397.07 points or 1.81% to settle at a month’s high of 78,583.81. During the day, it surged 1,471.85 points or 1.90% to 78,658.59.

The NSE Nifty soared 378.20 points or 1.62% to 23,739.25, a level not seen since January 3.

From the 30-share blue-chip pack, Larsen & Toubro rallied nearly 5%. Adani Ports, IndusInd Bank, Tata Motors, Reliance Industries, UltraTech Cement and Asian Paints were also among the major gainers.

ITC Hotels, Zomato, Nestle and Maruti were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong ended significantly higher.

European markets were trading mostly lower. U.S. markets ended in negative territory on Monday, February 3, 2025.

“Yesterday, the Indian market struggled to absorb the optimism generated by the good Union Budget due to heightened geopolitical risks stemming from the ‘Trump tariff war’. However, India could outperform in a weak global market, and as a rebound has been triggered in the global sentiment, it has fuelled a sharp surge in domestic equities,” Vinod Nair, Head of Research, Geojit Financial Services, said.

Global oil benchmark Brent crude dropped 1.05% to $75.16 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,958.37 crore on Monday (February 3, 2025), according to exchange data.

The BSE bellwether index Sensex declined 319.22 points or 0.41% to settle at 77,186.74 on Monday (February 3, 2025), snapping its five-day rally. The Nifty declined 121.10 points or 0.52% to 23,361.05.

Representational image
| Photo Credit: REUTERS

Equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday (November 12, 2024) helped by value buying at lower levels along with sustained investment by domestic institutional investors and a rally in the U.S. markets.

The BSE benchmark Sensex climbed 324.83 points to 79,820.98 in early trade. The NSE Nifty went up by 100.7 points to 24,242.

From the 30-share Sensex pack, Bharti Airtel, ICICI Bank, Sun Pharma, Axis Bank, Tata Steel, Titan, Reliance Industries and Power Grid were the biggest gainers.

Maruti, HDFC Bank, Asian Paints and IndusInd Bank were among the major laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,306.88 crore on Monday (November 11, 2024), while Domestic Institutional Investors (DIIs) bought ₹2,026.63 crore shares, according to exchange data.

“Two strong factors have been at play in this consolidating market. One, the relentless selling by FIIs has been favouring the bears and pulling the market down. Two, the sustained buying by DIIs has been supporting the market preventing a crash in the market. How the market will trend in the coming days will depend on the relative strength of these two factors,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were quoting in the negative territory.

Wall Street ended higher on Monday (November 12, 2024).

“The US stock markets are in celebration mode, with the S&P 500 crossing the 6,000 milestone and the Dow surging past 44,000, fuelled by optimism around Donald Trump’s election win, the Fed’s rate cut, and strong consumer sentiment,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

Global oil benchmark Brent crude dipped 0.15 % to $71.72 a barrel.

After gyrating between highs and lows, the BSE benchmark eked out a marginal gain of 9.83 points or 0.01 % to settle at 79,496.15 on Monday (November 11, 2024). The Nifty dipped marginally by 6.90 points or 0.03% to 24,141.30.