New Delhi, 03 February (H.S.): The announcement of a trade deal with the United States ignited a spectacular surge in India's domestic stock market on Tuesday, evoking the exuberance of a Jhumaa celebration as investors reaped gains exceeding ₹12.06 lakh crore.

The trading session commenced with a robust upward thrust. Although profit-taking induced temporary dips in both the Sensex and Nifty indices during the day, they concluded with resounding advances.

At the close, the Sensex registered a 2.54 percent gain, while the Nifty mirrored this momentum with a 2.55 percent rise.Every sectoral index demonstrated resilience, closing firmly in positive territory.

The Nifty Banking Index advanced 2.43 percent, the IT Index 1.41 percent, the Automobile Index 2.81 percent, the Capital Goods Index 3.71 percent, the Consumer Durables Index 2.60 percent, the FMCG Index 0.73 percent, the Healthcare Index 2.83 percent, the Metal Index 2.85 percent, the Oil & Gas Index 1.77 percent, the Public Sector Enterprises Index 1.82 percent, and the Tech Index 1.52 percent.

Broader market enthusiasm persisted unabated, fueling consistent buying. Consequently, the BSE Midcap Index surged 2.79 percent, and the Smallcap Index ascended 2.91 percent by the session's end.This market vigor propelled investors' wealth by more than ₹12 lakh crore.

The market capitalization of BSE-listed companies swelled to ₹467.09 lakh crore (provisional) at Tuesday's close, up from ₹455.03 lakh crore on the preceding trading day, Monday. Thus, investors harvested approximately ₹12.06 lakh crore in profits.

Trading activity on the BSE encompassed 4,422 shares, with 3,299 closing higher, 989 in decline, and 134 unchanged. On the NSE, 2,941 shares saw action, of which 2,494 ended in the green and 447 in the red. Among Sensex constituents, 28 of 30 shares advanced, with 2 lagging; for the Nifty's 50 stocks, 47 gained while 3 lost ground.

The BSE Sensex erupted with a 3,656.74-point leap, opening at 85,323.20. Bolstered by initial buying frenzy, it rocketed 4,205.27 points to 85,871.73 within the first 15 minutes. Profit-booking ensued, dragging it down over 2,370 points to 83,501.22 an hour later.

Buyers then regrouped, propelling it to close 2,072.67 points higher at 83,739.13.Similarly, the NSE Nifty opened with a 1,219.65-point jump at 26,308.05. Swift purchases elevated it 1,252.80 points to 26,341.20 shortly after. Profit-taking pulled it nearly 700 points lower to 25,641.30 by around 10:30 a.m. Renewed buying pressure then drove a 639.15-point recovery, culminating at 25,727.55.

Among heavyweight stocks, Adani Enterprises soared 10.38 percent, Adani Ports 10.10 percent, Jio Financial 8.11 percent, Bajaj Finance 6.72 percent, and Interglobe Aviation 5.53 percent, dominating the top five gainers. In contrast, Tech Mahindra dipped 0.44 percent, Bharat Electronics 0.03 percent, and Nestle 0.02 percent, heading the losers' roster.

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Hindusthan Samachar / Jun Sarkar