Stock markets stage sharp recovery as Trump delays tariffs on neighbours; Sensex jumps 1,397 points
The Hindu
Sensex and Nifty rebound nearly 2% on global optimism, led by Asian peers, after Trump delays tariffs.
Benchmark stock indices Sensex and Nifty rebounded nearly 2% on Tuesday (February 4, 2025) in line with a recovery in Asian peers after US President Donald Trump delayed tariffs on Mexico and Canada for a month.
The 30-share BSE Sensex jumped 1,397.07 points or 1.81% to settle at a month's high of 78,583.81. During the day, it surged 1,471.85 points or 1.90% to 78,658.59.
The NSE Nifty soared 378.20 points or 1.62% to 23,739.25, a level not seen since January 3.
From the 30-share blue-chip pack, Larsen & Toubro rallied nearly 5%. Adani Ports, IndusInd Bank, Tata Motors, Reliance Industries, UltraTech Cement and Asian Paints were also among the major gainers.
ITC Hotels, Zomato, Nestle and Maruti were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong ended significantly higher.
European markets were trading mostly lower. US markets ended in the negative territory on Monday.
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