Share Market News / Market recovered after a big drop, Sensex jumped 396 points, stocks rose sharply

The stock market saw a rise on Tuesday. The Sensex opened at 77,583.35, up 396.61 points, while the Nifty reached 23,501.00. This rise came due to the averting of the trade war, as Trump postponed the tariff on Canada for a month. Zomato, Tata Motors, Infosys rose, while Power Grid declined.

Vikrant Shekhawat : Feb 04, 2025, 09:39 AM

Share Market News: After a huge fall on Monday, the Indian stock market started well on Tuesday. The BSE Sensex opened with a gain of 396.61 points at 77,583.35, while the Nifty rose 139.95 points to reach the level of 23,501.00. This boom in the market has come due to the positive impact of global developments.

Market improved due to averting trade war

Global markets improved after US President Donald Trump announced a month's relief from tariffs to Canada after Mexico. Trump has deferred his decision to impose tariffs on both countries for 30 days, giving relief to investors. This has also affected the Indian market, due to which recovery has been seen here too.

Rupee also strengthened

The Indian currency rupee also saw strength, which increased investor confidence. The strength of the rupee supported foreign investment and positivity remained in the market.

Major uptrend stocks

On Tuesday, the market witnessed a good uptrend in major stocks like Zomato, Tata Motors, Infosys, ICICI Bank, Maruti, ITC and IndusInd Bank. There was good interest from investors in these stocks, which strengthened the market.

Declining stocks

However, the shares of some companies also registered a decline. Weakness was seen in the shares of Powergrid and ITC Hotels, causing losses to their investors.

Conclusion

The Indian stock market showed strength on Tuesday, which is a result of the improving environment globally. Investors will continue to keep an eye on market trends and global economic activities going forward.