The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,543 level, a premium of nearly 101 points from the Nifty future

The stock market rallied upon opening as trading began on Tuesday, February 4, 2025. Metal, auto, and PSU Bank stocks rose the most. At 9:20 am IST, the benchmark BSE Sensex was up by 481.50 points or 0.

At 9.32 a.m., the Sensex gained over 443 points or 0.58 per cent at 77,630.71 and the Nifty went up 130.25 points or 0.56 per cent at 23,491.30.

On February 4, Indian stock market benchmarks Sensex and Nifty 50 gained over 1%, turning positive for the year, despite concerns about weak quarterly earnings and foreign capital outflows.

Nifty 50 also faced the wrath of bears with a decline of 243 points to fall below 23,250 levels. Both the benchmarks have tumbled by more than 1% each. The performance comes after the Union Budget announcement where deep tax changes were announced by FM Nirmala Sitharaman.

The Indian stock market saw significant gains as the Nifty 50 surpassed 23,500, fueled by large-cap stocks and pre-Budget optimism. Analysts suggest a potential repo rate cut by the RBI, while the Economic Survey predicts stable consumption and controlled inflation for FY26.