Stock Market Rally Highlights: Sensex climbs 1397 points, Nifty settles at 23,739; RIL, banks shine
Markets Today Highlights: Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each
 "Sensex, Nifty, stock market, BSE, NSE")
Stock Market Highlights, Tuesday, February 4, 2025: Benchmark equity indices BSE Sensex and NSE Nifty50 ended with gains of over a per cent each on Tuesday. After scaling the day's high of 78,658.59, the 30-share Sensex settled at 78,583.81, up 1,397.07 points or 1.81 per cent from its previous close. Similarly, the NSE Nifty50 ended at 23,739.25, up 387.20 points or 1.62 per cent. The index traded in the range of 23,762.75 to 23,423.15 on Tuesday.
Notably, index heavyweight Reliance Industries ended higher by 2.97 per cent at Rs 1,282.90.
39 constituent stocks of the Nifty50 ended higher, led by Shriram Finance, Larsen & Toubro, Bharat Electronics, Adani Ports, and IndusInd Bank, with gains of up to 5.65 per cent. On the other hand, Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India were among the top laggards of Nifty50 who incurred losses of up to 6.44 per cent.
Broader indices mirrored the benchmarks, with midcap shares leading the charge as the Nifty Midcap100 index ended higher by 1.56 per cent. The Nifty Smallcap100 index also ended in positive territory with gains of 1.09 per cent.
All the sectoral indices, barring the Nifty FMCG index, ended with gains. Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each. Further, the Bank Nifty index, which tracks the performance of 12 large capitalised Indian banking stocks, surged higher by 1.93 per cent at 50,157.95. Financial services, and Oil & marketing shares also joined the party, with Nifty Financial Services, and Nifty OMCs indices settling higher by over 2 per cent each. Meanwhile, Nifty Metal, Pharma, and Healthcare indices ended higher by over 1 per cent each. The Nifty FMCG index was the only sectoral index that ended in the red, with a loss of 0.25 per cent.
3:47 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty has moved up following a falling wedge pattern retest, indicating the possibility of a decent rally in the short term. Additionally, the index has been sustaining above the critical 21EMA on the daily timeframe. The RSI is in a bullish crossover and rising after forming a base on the daily timeframe, indicating strong momentum. In the short term, the index may move toward 24,050 and higher, while support levels are placed at 23,500 and 23,250.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:40 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Yesterday, the Indian market struggled to absorb the optimism generated by the good union budget due to heightened geopolitical risks stemming from ‘Trump tariff war’. However, India could outperform in a weak global market, and as a rebound has been triggered in the global sentiment, it has fuelled a sharp surge in domestic equities. While overall market sentiment remains positive, large-cap stocks are the preferred choice. Meanwhile, banking stocks are rallying in anticipation of a rate cut in this week's RBI policy, new governor's first meet.
View by Vinod Nair, head of research, Geojit Financial Services.
View by Vinod Nair, head of research, Geojit Financial Services.
3:39 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap and Smallcap closed over 1 per cent higher.
3:38 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: Shriram Finance, L&T, BEL were among the top gainers on Nifty50 at close.
3:37 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: L&T, IndusInd Bank, Adani Ports were among the top gainers on Sensex.
3:35 PM
Stock Market LIVE Updates: Nifty closes 378.2 pts higher at 23,739.25
Stock Market LIVE Updates: NSE Nifty settles 378.2 points or 1.81 per cent higher at 23,739.25.
3:34 PM
Stock Market LIVE Updates: Sensex closes 1,397.07 pts higher at 78,583.81
Stock Market LIVE Updates: BSE Sensex closed 1,397.07 points or 1.81 per cent higher at 78,583.81.
3:27 PM
Stock Market LIVE Updates: Kalyan Jewellers soars 25% in 4 days post Q3 results; up 30% from Jan low
Shares of Kalyan Jewellers have moved higher by 9 per cent to Rs 549 on the BSE in Tuesday’s intra-day trade on back of heavy volumes. In four days, the stock price of the jewellery company soared 25 per cent after the company reported a 22 per cent year-on-year (YoY) jump in consolidated profit after tax (PAT) at Rs 219 crore in December 2024 quarter (Q3FY25). PAT growth would be 44 per cent adjusting for the loss due to reduction in customs duty (announced during the Union Budget in July 2024). Read more
3:17 PM
Stock Market LIVE Updates: Asian Paints Q3 results: Profit drops 23% to ₹1,110 crore, revenue down 6%
Asian Paints on Tuesday reported a 23.3 per cent drop in consolidated net profit to ₹1,110.48 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), from ₹1,447.72 crore reported during the same period last year. Sequentially, however, profit rose nearly 60 per cent from ₹694.64 crore.
Consolidated revenue from operations also dropped marginally by 6 per cent to Rs 8,549.44 crore year-on-year from Rs 9,103.09 crore. Sequentially, revenue went up by 6.5 per cent from ₹8,027.54 crore. Read more
3:02 PM
At 3 PM, the BSE Sensex was higher by 1,312.94 points, or 1.70 per cent, at 78,499.68, and the NSE Nifty50 was at 23,749.95, ahead by 388.90 points, or 1.66 per cent.
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty climb higher
Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, as investors kept a keen eye on tariff-related developments in the US.
At 3 PM, the BSE Sensex was higher by 1,312.94 points, or 1.70 per cent, at 78,499.68, and the NSE Nifty50 was at 23,749.95, ahead by 388.90 points, or 1.66 per cent.
Topics : MARKET WRAP MARKET LIVE MARKETS LIVE MARKETS TODAY share market stock market trading Markets Sensex Nifty S&P BSE Sensex sensex nifty NSE Nifty Nifty 50 Indian stock markets US stock markets Global stock markets Indian markets Gift Nifty IPO GMP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 04 2025 | 7:55 AM IST