Stock Market LIVE Updates: GIFT Nifty signals gap-down start for India; Trump's tariffs in focus

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Stock Market LIVE Updates: GIFT Nifty signals gap-down start for India; Trump's tariffs in focus - Business Standard

Quick Summary:

Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth Rs 1,327.09 crore on the previous tradin session on February 1, and domestic institutional investors (DIIs) net bought shares worth Rs 824.38 crore on Saturday.

But, the income tax breaks announced in it may give a fillip to consumption and this could be good for sectors like FMCG, automobiles and domestic tourism. That apart, an escalation of trade war between the United States (US), Canada, Mexico, and China could increase the threat of dumping of goods to India, experts have warned.

Stock Market LIVE Updates: If history is any guide, equity market investors have seen rewarding six-month returns following the Union Budget.