Synopsis
On February 4, the Indian stock market saw a significant rise, with the BSE Sensex up by 1,397 points and the NSE Nifty increasing by 387 points. Investors were attentive to tariff developments in the US, leading to robust performance across various sectors.Key Takeaways
- The Sensex rose by 1,397.07 points to 78,583.81.
- The Nifty increased by 387.20 points to 23,739.25.
- 39 out of 50 Nifty stocks closed positively.
- Banking and financial sectors saw strong buying.
- Nifty Midcap100 and Smallcap100 indices also showed gains.
Mumbai, Feb 4 (NationPress) The Indian stock market concluded on a robust note on Tuesday, with both the BSE Sensex and NSE Nifty recording increases of over 1 percent as investors kept a close watch on tariff-related updates from the United States.
The Sensex reached a peak of 78,658.59 during the day and finished at 78,583.81, marking a rise of 1,397.07 points or 1.81 percent from the previous closing.
Meanwhile, the Nifty concluded at 23,739.25, up by 387.20 points or 1.62 percent. The index fluctuated between 23,762.75 and 23,423.15 throughout the trading session.
Among the Nifty 50 components, 39 stocks finished in the green, with Adani Ports, Shriram Finance, Larsen & Toubro, and Bharat Electronics leading the pack with gains of up to 5.65 percent.
Conversely, Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India were the biggest losers, with declines of up to 6.44 percent.
The broader market mirrored the benchmark indices' gains, with the Nifty Midcap100 index increasing by 1.56 percent and the Nifty Smallcap100 index rising by 1.09 percent.
In terms of sectors, banking and financial stocks experienced significant buying interest.
The Nifty PSU Bank and Private Bank indices surged by over 2 percent each, while the Bank Nifty index climbed 1.93 percent to close at 50,157.95.
Financial services and oil marketing companies also saw considerable gains, with the Nifty Financial Services and Nifty OMC indices both ending over 2 percent higher.
Additionally, the Nifty Metal, Pharma, and Healthcare indices increased by more than 1 percent each.
The only sector that ended in the red was the Nifty FMCG index, which dipped 0.25 percent, pressured by losses in stocks such as Britannia and Nestle India.
