The effect of postponing Tariff on Mexico and Canada on Mexico and Canada on the domestic stock market also showed the effect on the domestic stock market. The stock market rose strongly on Tuesday. The Bombay Stock Exchange (BSE) benchmark Sensex jumped 13970.07 points to close at 78,583.81 at the end of trading. Similarly, the National Stock Exchange (NSE) Nifty rose 378.2 points to close at 23,739.25. However, despite such a great bounce, the Sensex and Nifty are still 11 percent below their record high level. Tariff on China is still applicable, which is going to be effective soon. Midcap and smallcap stocks also increased, BSE midcap and smallcap indices increased by 1%.
Investors earning ₹ 5.5 lakh crore in a day
The total market capitalization (M-cap) of BSE-list firms in today’s trade increased from ₹ 419.5 lakh crore to ₹ 425 lakh crore in the previous session, due to which investors became about ₹ 5.5 lakh crore in a day. .
RBI’s policy decisions are monitored
The market closed with a gain of nearly 2 percent after the US banned the tariffs employed for Canada and Mexico. This brought temporary relief from growing trade stress. On February 4, there was a strong increase in market capitalization. Market experts are now focusing on RBI’s policy decisions on 7 February, while US President Donald Trump has instability in global markets due to unexpected stance.
Top gainer and top loser stocks on Sensex
At the end of today’s trading on the Sensex, Larsen & Toubro (above 4.76%), IndusInd Bank (3.50%), Tata Motors (3.38% above), Reliance Industries (above 3.28%) and Ultratech Cement (2.78% above) top gainer Emerged as stocks. Whereas, Nestle India (below 0.81%), Maruti Suzuki India (below 0.23%), Tech Mahindra (below 0.11%), Hindustan Unilever (below 0.06%) were among the most damaged shares.
Bounce seen in Asian markets today
Asian shares bounced on Tuesday, while American tariffs came into force on China and China retaliated on the US, including tariffs on coal and liquefied natural gas as well as a no-confidence investigation in Google. According to AP, the stock markets in the Asia-Pacific region on Tuesday increased. The Hang Seng index in Hong Kong rose 2.59% to 20,741.66. Japan’s benchmark Nikkei rose 225 0.72% to 38,798.37, while South Korea’s Kospi rose 1.13% to 2,481.69. Australia’s S&P/ASX 200 fell 0.06% to 8374.00.
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