Today Sensex closed at 78,583, up 1397 points: Nifty also rose 378 points

Today the stock market jumped due to 3 auspicious signs, now there is hope of continuing to rise. With the improvement in global markets, strengthening of rupee and the expectation of interest rate cut by RBI, today the Sensex saw a jump of 700 points and Nifty up to 200 points. If the conditions remain right, then the market will rise in the coming days

Out of 30 Sensex stocks, 25 rose and 5 fell. Out of 50 Nifty stocks, 39 rose and 11 fell. In the NSE sectoral index, all sectors closed with gains except the FMCG sector. Nifty oil and gas sector saw the highest gain of 2.70%.

Three major reasons for the rise in the market

The US President Donald Trump has postponed the additional tariff imposed on goods coming from Mexico and Canada for 30 days. This reduced the concern of investors. Earlier, Trump had decided to impose an additional 25% duty on imports from Canada and Mexico and 10% duty on goods coming from China.

India's manufacturing sector is showing strength. The HSBC India Manufacturing PMI Index rose to 57.7 in January from 56.4 in December. Apart from this, GST collection also reached a 9-month high of ₹ 1.92 lakh crore in January.

Also Read: PM had full support on tax cut, but...', Nirmala Sitharaman told, they taken time in convincing   

According to experts, the Sensex and Nifty have also got support from the rise in the global market. Especially Asian markets have seen a good rise. Japan's Nikketai rose by 0.72% and Korea's Kospi rose by 1.13%, which shows better sentiment for investors.

Foreign investors sold shares worth ₹3,958.37 crore

According to NSE data, on February 3, foreign investors (FIIs) sold shares worth Rs 3,958.37 crore. During this period, domestic investors (DIIs) bought shares worth Rs 2,708.23 crore. On February 3, America's Dow Jones closed at 44,421 with a gain of 0.28%. The S&P 500 index closed at 5,994, up 0.76%. The Nasdaq index fell by 1.20%.

Which sectors saw more growth?

On Tuesday, most sectoral indices were trading in the green, with banking, financial, IT and auto stocks registering strong gains. The FMCG (fast-moving consumer goods) sector was the only sector that was in the red as some profit booking was seen after last week's gain.

Stocks of NBFCs (non-banking financial companies), such as Bajaj Finance, M&M Finance and Shriram Finance, saw strength, indicating positive momentum in the sector.

Summary

India's Union Budget was presented on 1 February 2025. The stock market opened on Saturday was very excited, but the stock market fell even before the budget was over, and the closing of that day was also in red. After that, there was a decline in the Indian stock markets on Monday as well.

But on Tuesday, February 4, the stock market showed new enthusiasm, and the Sensex jumped 700 points and the Nifty started showing a gain of 200 points. The question is why the stock market, which fell during the budget and the next trading session, is rising today.

So let us tell you that the improvement in global markets, strengthening of the rupee, and the expectation of a cut in interest rates by the RBI have boosted the morale of investors.