Stock Market Updates: Sensex Up Over 800 Points, Nifty Above 23,600; PSU Bank Index Rises 2%

Last Updated: February 04, 2025, 12:49 IST

On Tuesday, the benchmark equity indices, BSE Sensex and Nifty 50, opened up in favorable region

Benchmark Equity Indices Open Higher: Benchmark equity indices BSE Sensex and Nifty 50 were selling the eco-friendly on Tuesday, as capitalists carefully kept track of tariff-related growths in the United States.

By 12 PM, the BSE Sensex was up by 625.82 factors, or 0.81%, at 77,812.56, while the NSE Nifty 50 stood at 23,545.75, obtaining 184.70 factors, or 0.79%.

After the opening bell, the Nifty FMCG index was the only industry to reveal a decrease, coming by 0.46%. In comparison, the remainder of the industries saw favorable motion. The Nifty Metal index led the gains, climbing 2.29%, adhered to by the PSU Bank index, up 1.78%, and the Auto index, which climbed up 1.68%.

Additionally, the Nifty IT and Oil indices both saw gains of over 1%. In the wider markets, the BSE MidCap index progressed by 1.23%, while the BSE SmallCap index was up by 1.02%.

Global Market Cues

In the Asia-Pacific area, markets increased on Tuesday complying with information that United States President Trump had actually postponed tolls on Mexico for a month. Additionally, Canada introduced that suggested tolls on its exports had actually been stopped briefly.

Japan’s Nikkei 225 increased by 1.49%, while the wider Topix index got 1.17%. South Korea’s Kospi saw a 2.11% rise, and the small-cap Kosdaq climbed up 2.85%.

In Australia, the S&P/ ASX 200 was up by 0.42%, and Hong Kong’s Hang Seng index progressed by 1.4%. Chinese markets stayed shut for the Lunar New Year vacation.