On Tuesday, February 4, Indian stock markets witnessed a strong comeback, surging over 1.6% amid positive global cues. The S&P BSE SENSEX jumped 1,397.07 points, or 1.81%, to close at 78,583.13, while the NSE NIFTY50 gained 378.20 points, or 1.62%, ending at 23,739.25.
Global sentiment was lifted by the news that US President Donald Trump had decided to delay tariffs on Mexico and Canada by a month, easing concerns among equity investors. This development, coupled with signs of a cyclical recovery in India’s fiscal and monetary policies, helped boost market confidence. The Union Budget, while maintaining fiscal consolidation, supported growth expectations.
Investor wealth surged by ₹5.85 lakh crore, as the market capitalization of BSE-listed companies rose from ₹419.54 lakh crore to ₹425.40 lakh crore. Global markets also showed positive momentum, with Asian indices trading mostly in the green. The Hang Seng, Jakarta Composite, KOSPI, and Nikkei 225 all posted strong gains, while the Straits Times was an exception, posting a small loss.
Among NIFTY50 stocks, Shriram Finance, L&T, Bharat Electronics, IndusInd Bank, and Adani Ports led the gains, with rises as high as 5.65%. On the downside, stocks like Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India were among the top losers.
The broader market also mirrored this positivity, with the BSE MidCap and SmallCap indices gaining 1.35% and 1.20%, respectively. Sector-wise, capital goods, industrials, oil and gas, power, and banking stocks saw significant gains, while FMCG stocks were marginally down.
In total, 66 stocks hit their 52-week highs, reflecting a broad-based market rally.
