Stock market closing bell: The domestic stock market closed up on Tuesday (February 4) amid positive stance from global markets. The stock market was shocked by US President Donald Trump’s decision to stop the proposed tariff fee on Mexico and Canada for 30 days. The major benchmark index BSE Sensex and Nifty climbed around 2%.
BSE Sensex, with thirty -share BSE Sensex, climbed 500 points on Tuesday to 77,687. During the trading, it went up to an intra-day high of 78,658 points. Finally, the Sensex climbed 1397.07 points or 1.81% to close at 78,583.81.
Similarly, the Nifty 50 of the National Stock Exchange (NSE) also saw strong strength. It closes at 23,739.25 with a brilliant strength of 378.20 points or 1.62%.
Investors benefit more than 5 lakh crores
The stock market took the decision of US President Donald Trump to ban the tariff charge. The market cap (MCAP) of the companies listed in BSE increased by more than Rs 5 lakh crore to Rs 425,04,589 crore. It was Rs 420,31,299 crore on Monday (3 February). Accordingly, the market cap of all companies listed in BSE has increased by Rs 4.73 lakh crore.