Sensex & Nifty 50 End With Gains Over 1.8 Per Cent, Midcap & Smallcap Indices Jump Up to 1.38 Per Cent

The Sensex soared 1.81 per cent to settle at 78,583.81, while the Nifty 50 surged 1.62 per cent, ending at 23,739.25.

Market Update at 3:30 PM: Indian equity benchmarks closed on a strong note, extending their morning gains amid positive global cues. At market close, the Sensex soared 1.81 per cent to settle at 78,583.81, while the Nifty 50 surged 1.62 per cent, ending at 23,739.25.

Broader markets mirrored the uptrend, with the Nifty Midcap 150 advancing 1.38 per cent to 19,849.15, and the Nifty Smallcap 250 rising 1.14 per cent to 15,855.95. Meanwhile, market volatility eased, as reflected in the India VIX, which declined 2.33 per cent to 14.02, indicating improved investor sentiment.

Among sectoral indices, Nifty Oil & Gas (+2.70 per cent), Nifty PSU Bank (+2.41 per cent), and Nifty Financial Services 25/50 (+2.18 per cent) were the Top Gainers, driven by strong buying interest. On the other hand, Nifty FMCG (-0.25 per cent), Nifty Realty (+0.55 per cent), and Nifty Media (+0.74 per cent) were the laggards, witnessing mild profit-booking.

In the Nifty 50 space, Shriram Finance (+5.65 per cent), Larsen & Toubro (+4.19 per cent), and BEL (+3.68 per cent) emerged as the top performers, reflecting robust demand for financial and infrastructure stocks. Conversely, Trent (-6.44 per cent), ITC Hotels (-4.24 per cent), and Britannia (-1.28 per cent) were the biggest losers, facing selling pressure.

The overall market breadth remained decisively positive, with 1,951 stocks advancing, significantly outpacing 863 declining stocks, reinforcing the bullish sentiment across sectors.

Market Update at 1:10 PM: Indian equity markets extended their morning gains, driven by optimism surrounding global trade developments. At 1:10 PM, the Sensex surged 1.15 per cent to 78,076.16, while the Nifty 50 climbed 1.07 per cent, reaching 23,611.80.

Broader markets also traded in the green, with the Nifty Midcap 150 advancing 0.88 per cent to 19,750.55 and the Nifty Smallcap 250 gaining 0.53 per cent to 15,760.75.

Meanwhile, market volatility remained elevated, as reflected in the India VIX, which edged up 1.75 per cent to 14.61, signaling cautious sentiment among investors.

Among sectoral indices, Nifty PSU Bank (+2.26 per cent), Nifty Metal (+1.96 per cent), and Nifty Oil & Gas (+2.24 per cent) led the gains, indicating strong buying interest in these segments. On the flip side, Nifty FMCG (-0.49 per cent), Nifty Consumer Durables (-0.46 per cent), and Nifty Media (+0.38 per cent) were the worst performers, witnessing mild profit-booking.

Leading the charge among Nifty 50 constituents were Shriram Finance (+4.39 per cent), Larsen & Toubro (+4.13 per cent), and BEL (+3.30 per cent), reflecting strong demand for financial and capital goods stocks. Conversely, Trent (-7.29 per cent), Britannia (-1.92 per cent), and ITC Hotels (-1.54 per cent) were the top laggards, facing selling pressure.

The overall market breadth remained positive, with 1,796 stocks advancing, significantly outpacing 866 declining stocks, highlighting a bullish sentiment across sectors.

Market Update at 9:45 AM: Indian equity markets opened on a strong note, continuing their upward momentum. This surge comes after the President Donald Trump decided to postpone a proposed 25 per cent tariff on imports from Canada and Mexico, following commitments from these nations to enhance border security. The move averted immediate trade disruptions that could have led to higher consumer prices and economic instability.

At 9:45 AM, the Sensex climbed 0.90 per cent to 77,879.43, while the Nifty 50 advanced 0.86 per cent, reaching 23,562.75.

Broader markets mirrored the bullish sentiment, with the Nifty Midcap 150 rising 1.31 per cent to 19,835.05 and the Nifty Smallcap 250 gaining 0.96 per cent to 15,828.90.

Meanwhile, market volatility edged higher, as reflected in India VIX, which increased by 1.95 per cent to 14.63, signaling heightened investor caution.

Among sectoral indices, Nifty PSU Bank, Nifty Metal, and Nifty Pharma emerged as the top gainers, rising 2.53 per cent, 2.04 per cent, and 1.50 per cent, respectively. On the flip side, Nifty FMCG was the worst performer, declining 0.68 per cent, followed by Nifty Consumer Durables and Nifty Media, which fell 0.64 per cent and 0.41 per cent, respectively.

Within the Nifty 50, Hindalco, ONGC, and Larsen & Toubro led the gainers, advancing by 3.16 per cent, 2.69 per cent, and 2.67 per cent, respectively. Conversely, Trent, Power Grid, and Hindustan Unilever were the top laggards, shedding 4.13 per cent, 1.44 per cent, and 1.17 per cent, respectively.

The broader market was positive, with 1,943 stocks advancing, significantly outnumbering 442 declining stocks, indicating strong buying interest across sectors.

Market Update 8:15 AM: U.S. equities ended Monday’s session in the red, although they trimmed earlier sharper losses after President Donald Trump announced a temporary postponement of tariffs on Mexico.

The Dow Jones Industrial Average slipped by 124.47 points, or 0.27 per cent, closing at 44,420.19. The S&P 500 declined 45.45 points, or 0.75 per cent, to end at 5,995.01, while the Nasdaq Composite tumbled 235.21 points, or 1.20 per cent, finishing at 19,392.23.

Asian markets edged higher on Tuesday following the U.S. administration’s decision to defer tariffs on Mexico and Canada for a month, with the announcement of further negotiations with China providing additional support to investor sentiment.

The GIFT Nifty indicates a positive start for Indian markets. At approximately 7:00 AM IST, Nifty futures were trading at 23,549, suggesting an optimistic opening.

U.S. Treasury yields surged, with the 2-year yield rising by 24 basis points and the 10-year yield climbing 13 basis points in early Tuesday trade.

The U.S. dollar softened, with the dollar index easing to 108.67 against a basket of major currencies, giving up some of its previous session’s gains after President Trump’s tariff pause on Mexico.

WTI crude oil futures slid to approximately USD 72.2 per barrel on Tuesday, erasing Monday’s gains. The drop came after Trump agreed to delay his proposed tariffs on Mexico and Canada for 30 days following discussions with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum on enhancing border security measures.

Foreign Institutional Investors (FIIs) extended their selling streak for the 23rd consecutive session on February 3, offloading equities worth Rs 3,958 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued to be net buyers, purchasing equities worth Rs 2,708 crore on the same day.

No securities are currently under the F&O ban for today.

Disclaimer: The article is for informational purposes only and not investment advice.