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On Tuesday, the benchmark equity indices, BSE Sensex and Nifty50, opened in positive territory
Sensex Today
Benchmark Equity Indices Open Higher: On Tuesday, the benchmark equity indices, BSE Sensex and Nifty50, opened in positive territory as investors remained focused on tariff-related developments in the US.
At the opening bell, the BSE Sensex gained 529.59 points, or 0.69%, reaching 77,716, while the NSE Nifty50 was up by 139.95 points, or 0.6%, at 23,501.
Despite a global decline in markets during the previous session (Monday, February 3), largely driven by the onset of a trade war expected to have long-term effects, investors are also closely monitoring the expected impacts of the tax reforms announced in the Budget 2025. Along with the budget’s provisions, which include measures and capital expenditure allocated to various sectors, third-quarter earnings are also in focus.
Global Market Cues
In the Asia-Pacific region, markets rose on Tuesday following news that US President Trump had delayed tariffs on Mexico for a month. Additionally, Canada announced that proposed tariffs on its exports had been paused.
Japan’s Nikkei 225 rose by 1.49%, while the broader Topix index gained 1.17%. South Korea’s Kospi saw a 2.11% increase, and the small-cap Kosdaq climbed 2.85%.
In Australia, the S&P/ASX 200 was up by 0.42%, and Hong Kong’s Hang Seng index advanced by 1.4%. Chinese markets remained closed for the Lunar New Year holiday.