Indian stock markets saw a strong rally today, February 4, with the Sensex and Nifty both surging over 1.5% after the U.S. paused planned tariffs on Canada and Mexico, providing relief amid rising trade tensions.
The Sensex closed up 1,397.07 points, or 1.81%, at 78,583.81, while the Nifty rose 374.35 points, or 1.6%, to 23,735.40. The Nifty Bank also ended the day on a positive note, closing at 50,024.05, up by 813.50 points.
The market boost came after U.S. President Donald Trump, on February 3, decided to delay the 25% tariffs on imports from Canada and Mexico for 30 days.
The move marked a shift from Trump’s earlier trade escalation on February 1, when he imposed the tariffs in response to issues like illegal immigration and the drug trade. However, it is to note that tariffs on China remain in place, set to take effect soon.
Gold rates today
Gold has seen a significant price rise, with gold prices in India crossing the Rs 83,350 per 10 grams mark today. This surge is line with a global rally, as spot gold is inching closer to an all-time high of $2,830.49 per ounce. The surge lies in inflationary fears, largely spurred by recent shifts in U.S. tariff policies.
According to GoodReturns, the price of 24-carat gold is currently Rs 85,200 per 10 grams, while 22-carat gold is priced at Rs 78,100 per 10 grams.
(This is a developing story, more details are being added. Please watch the space for updates)
» Read More
