The Indian equity markets after a day of decline, have soared in the intradya trade on Tuesday, February 4.

Indian Indices Bloom

This development comes to pass after what is seen as a major relief, the Donald Trump-led US administration decided to press pause on the tariffs on Canada and Mexico. It needs to be noted, that tariffs on China, however continue to remain in place.

The Indian Rupee which nosedived to a new low, also recovered slightly today.

Sensex

When we look at the Indian indices, the protagonist of today's green-filled story, the benchmark Sensex, jumped to 77,794.49 points. This came to pass after a rise of 607.75 points or 0.79 per cent at the time of writing.

It however needs to be noted that the index has wavered a little in day, after gaining over 600 points, it lost significant value, only regain its surge.

It, however, needs to be noted that the index has wavered a little in day, after gaining over 600 points, it lost significant value, only regain its surge.

Nifty in Green

The story at the National Stock Exchange or NSE, was equally positive, as the Nifty 50 index rose in value in the intraday trade. At the time of writing, the Nifty index rose by a major 185.10 points or 0.79 per cent, jumping to 23,546.15.

Another major index, the Nifty Bank Index, also rose in value. The banking index, after losing a lot of steam over the past weeks and months, rose on Tuesday, jumping to a mammoth 581.65 points or 1.18 per cent. This took the overall value of the index to 49,792.20.

The story at the National Stock Exchange or NSE, was equally positive, as the Nifty 50 index rose in value in the intraday trade. At the time of writing, the Nifty index rose by a major 185.10 points or 0.79 per cent, jumping to 23,546.15.

Gainers and Losers

When we look at the current gainers at Dalal Street, yesterday's losers are today's gainers. L&T shares that were trailing on Monday, surged by 3.78 per cent.

Tata Motors also jumped by over 3 per cent. Banking shares including IndusInd, Axis, SBI and ICICI bank rose.

Amongst the laggards, the likes of Zomato, ITC Hotels, Titan, Nestle, Bajaj Finance and yesterday's winner Maruti Suzuki, all traded with cuts.