Sensex Today | Stock Market LIVE Updates: Sensex soars over 1,400 pts, Nifty above 23,750 — The Indian stock market witnessed a sharp rally on Tuesday, February 4, 2025, just days after the announcement of the Budget 2025-26. The market sentiment was further lifted by easing trade war concerns in North America.
#Key Market Highlights
- Sensex: The BSE Sensex rose by 1,237 points (1.6%) to touch an intraday high of 78,424.26.
- Nifty 50: The NSE Nifty 50 jumped 351.5 points (1.5%) to reach 23,712.60 during the day.
— Sector Gains
- Nifty Oil & Gas led with a 2.32% rise.
- Nifty PSU Bank was up by 2.17%.
- Other sectors, including Nifty Bank, Metal, Pharma, and Financial Services, gained over 1%.
- Nifty FMCG and Nifty Consumer Durables showed minor losses of 0.32% and 0.25%, respectively.
Broader Market: The BSE MidCap gained 0.92%, while the BSE SmallCap was up by 0.82%.
#Factors Driving today Rally
1. Budget 2025-26 Announcements
According to market analysts, the announcements in the recent budget played a big role in boosting investor confidence.
Capex Allocation: The capital expenditure allocation was better than last year, providing hope for growth.
Income Tax Changes: Adjustments in the tax regime positively impacted market sentiment, as people are expected to spend or invest more with additional savings.
Infrastructure Focus: Although there was disappointment over limited growth in infrastructure spending, the budget still maintained a large allocation for infrastructure projects.
Independent market analyst Ambareesh Baliga noted that though the budget may seem underwhelming at first, it has long-term potential.
Gaurang Shah, investment strategist at Geojit Financial Services, added that after understanding the budget more clearly, the market reaction turned positive.
2. Easing Trade War Concerns
The postponement of U.S. tariffs on Canada and Mexico added to market optimism.
— President Donald Trump’s decision to delay the tariff implementation gave room for trade negotiations, calming global market fears. — Ambareesh Baliga commented that Trump’s tariff announcement seemed more like a negotiation tactic, which reduced immediate concerns.
#Expert Opinions
Gaurang Shah highlighted that the budget clarity and the tariff delay were significant reasons for the market’s rise.
— “People now have more clarity about the budget. Additionally, the one-month delay in tariffs also provided relief,” he said.
#Outlook for Investors
— The combination of positive budget announcements and easing trade tensions has uplifted market sentiment. Analysts expect more gains in the coming days as investors digest the long-term impact of the budget reforms.
Investors are advised to monitor updates on trade negotiations and budget implementation as key factors driving market trends.
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