Today, Tuesday, February 2, a tremendous rise was seen in the stock market. This surge came after the completion of the India-US trade agreement, which was long pending. US President Donald Trump clarified that the reciprocal tariff imposed on India has been reduced to 18% from the previous 25%. In return, India has agreed to significantly reduce duty and non-tariff barriers on American products.
On Tuesday, BSE’s benchmark index Sensex closed at a record high of 83,739.13, up 2072.67 points or 2.54%. The Nifty 50 index also closed at a record high of 25,727.55, a rise of 639.15 points or 2.55%. Earlier in the trading session, Sensex hit an intraday high of 85,871.73, a huge jump of 5.1%, while Nifty hit 26,341.2, up 1252 points or 5%.
Investors gained Rs 12.5 lakh crore
This market rally resulted in a significant increase in the wealth of investors. The market capitalization of all companies listed on BSE increased from ₹455 lakh crore to ₹467.35 lakh crore in today’s trading session, an increase of ₹12.5 lakh crore.