Stock markets stage sharp recovery as Trump delays tariffs on neighbours; Sensex jumps 1,397 points

Photo utilized for practice intent only. | Photo Credit: Reuters

Benchmark banal indices Sensex and Nifty rebounded astir 2% connected Tuesday (February 4, 2025) successful enactment with a betterment successful Asian peers aft US President Donald Trump delayed tariffs connected Mexico and Canada for a month.

The 30-share BSE Sensex jumped 1,397.07 points oregon 1.81% to settee astatine a month's precocious of 78,583.81. During the day, it surged 1,471.85 points oregon 1.90% to 78,658.59.

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

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

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

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

European markets were trading mostly lower. US markets ended successful the antagonistic territory connected Monday.

"Yesterday, the Indian marketplace struggled to sorb the optimism generated by the bully Union Budget owed to heightened geopolitical risks stemming from ‘Trump tariff war’. However, India could outperform successful a anemic planetary market, and arsenic a rebound has been triggered successful the planetary sentiment, it has fuelled a crisp surge successful home equities," Vinod Nair, Head of Research, Geojit Financial Services, said.

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

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 3,958.37 crore connected Monday, according to speech data.

The BSE bellwether scale Sensex declined 319.22 points oregon 0.41% to settee astatine 77,186.74 connected Monday, snapping its five-day rally. The Nifty declined 121.10 points oregon 0.52% to 23,361.05.

Published - February 04, 2025 04:30 p.m. IST