{"id":55796,"date":"2025-02-04T10:25:36","date_gmt":"2025-02-04T10:25:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/04\/sensex-soars-1397-points-nifty-ends-above-23700\/"},"modified":"2025-02-04T10:25:36","modified_gmt":"2025-02-04T10:25:36","slug":"sensex-soars-1397-points-nifty-ends-above-23700","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/04\/sensex-soars-1397-points-nifty-ends-above-23700\/","title":{"rendered":"Sensex Soars 1,397 Points; Nifty Ends Above 23,700"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended sharply higher on Tuesday after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month but gave China no such relief. <\/p>\n<p>After a 10 percent tariff on Chinese products took effect, China announced new tariff measures and export controls to protect its interests. <\/p>\n<p>China&#8217;s tariff retaliation led to a 2 percent fall in oil prices in European trade, helping ease concerns over inflation and interest rates. <\/p>\n<p>Mostly positive reactions to Budget 2025 and expectations of a rate cut by the Reserve Bank of India (RBI) also underpinned investor sentiment.<\/p>\n<p>The RBI&#8217;s Monetary Policy Committee (MPC) meeting is scheduled for February 5-7, with high expectations of a 25-basis point cut in the repo rate to 6.25 percent, along with possible actions like a reduction in the Cash Reserve Ratio (CRR) or substantial bond purchases.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex jumped 1,397.07 points, or 1.81 percent, to 78,583.81 while the broader NSE Nifty index closed up 378.20 points, or 1.62 percent, at 23,739.25.<\/p>\n<p>The BSE mid-cap and small-cap indexes climbed 1.3 percent and 1.1 percent, respectively. <\/p>\n<p>The market breadth was positive, with 2,516 shares rising on the BSE while 1,403 shares declined, and 154 shares ended unchanged. <\/p>\n<p>Shriram Finance soared 5.7 percent amid expectations that it will benefit from a surge in consumer spending and a rise in demand for consumer finance, following Union Finance Minister Nirmala Sitharaman&#8217;s budget announcement to make income up to Rs 12 lakh tax-free and reduce taxes across all income categories.<\/p>\n<p>Among other prominent gainers, Adani Ports, IndusInd Bank, BEL and Larsen &amp; Toubro all surged around 4 percent. <\/p>\n<p>Tata Group&#8217;s retail arm Trent plunged 6.4 percent after Chinese brand Shein was relaunched in India by Reliance Retail. <\/p>\n<p>ITC Hotels, which was recently demerged from the ITC businesses, lost 4.2 percent. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Soars 1,397 Points; Nifty Ends Above 23,700<\/a><br \/>\n<br \/>2025-02-04 10:25:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended sharply higher on Tuesday after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month but gave China no such relief. After a 10&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-55796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=55796"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55797"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}