Finance
Stock Market Highlights, Tuesday, February 4, 2025: On Tuesday, the benchmark market indices BSE Sensex and NSE Nifty50 both ended with advances of more than 1%. After reaching a high of 78,658.59, the 30-share Sensex closed at 78,583.81, up 1,397.07 points or 1.81 percent from the previous close.
Similarly, the NSE Nifty50 closed at 23,739.25, up 387.20 points, or 1.62%. On Tuesday, the index traded between 23,762.75 and 23,423.15.
Notably, index heavyweight Reliance Industries ended up 2.97 percent at Rs 1,282.90.
39 Nifty50 constituent stocks closed higher, led by Shriram Finance, Larsen & Toubro, Bharat Electronics, Adani Ports, and IndusInd Bank, which gained up to 5.65 percent. However, 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 indexes tracked the benchmarks, with midcap equities leading the charge, with the Nifty Midcap100 index up 1.56%. The Nifty Smallcap100 index also ended in positive territory, up 1.09 percent.
All sectoral indices, with the exception of the Nifty FMCG index, closed higher. Banking shares stole the show among sectors, with the Nifty PSU Bank and Private Bank indices closing up more than 2% each. Furthermore, the Bank Nifty index, which tracks the performance of 12 large-capitalised Indian banking firms, rose 1.93 percent to 50,157.95.
Financial services and oil and marketing stocks also joined the celebration, with the Nifty Financial Services and Nifty OMCs indices closing up by more than 2% 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.
Source: BS
