On February 4, Indian stock market benchmarks Sensex and Nifty 50 gained over 1%, turning positive for the year, despite concerns about weak quarterly earnings and foreign capital outflows.

Equity benchmark indices Sensex and Nifty 50 on Tuesday (February 4) zoomed more than 1 per cent each, mirroring gains in the Asian peers, as Street rejoiced US President Donald Trump’s decision to delay tariffs on Mexico and Canada for a month.

Indian markets slipped as weak global cues and Trump’s tariffs on Canada, Mexico, and China fueled trade war fears. A stronger US dollar pushed the rupee to a record low of 87.29. Investor sentiment stayed cautious,