Sensex Surges by 448 Points Amid Strong Metal Sector Performance
Sensex jumps 448 pts; metal shares shine
Business Standard
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The S&P BSE Sensex rose by 448.13 points (0.60%) to reach 75,057.11 during mid-morning trade, driven by gains in metal shares. Despite ongoing geopolitical uncertainties and foreign portfolio investor outflows, the Nifty index also climbed, reflecting cautious optimism among investors.
- 01S&P BSE Sensex increased by 448.13 points to 75,057.11.
- 02Nifty 50 index rose by 156.20 points to 23,568.80.
- 03The Nifty Metal index gained 1.44%, marking a 5.2% increase over two days.
- 04Market breadth was negative with 1,571 shares rising and 2,282 shares falling.
- 05Global markets showed mixed trends amid the Trump-Xi summit discussions.
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In mid-morning trading, the S&P BSE Sensex climbed by 448.13 points or 0.60%, reaching 75,057.11. The Nifty 50 index also saw an increase of 156.20 points or 0.67%, settling at 23,568.80. The metal sector led the gains, with the Nifty Metal index rising by 1.44% and achieving a total increase of 5.2% over the last two sessions. However, the broader market struggled, as the BSE 150 MidCap Index dipped by 0.04% and the BSE 250 SmallCap Index fell by 0.61%. The market breadth was negative, with 1,571 shares advancing compared to 2,282 shares that declined. The ongoing geopolitical uncertainties and foreign portfolio investor outflows have kept investor sentiment cautious, as traders closely monitor the outcomes of the U.S.-China summit involving President Donald Trump and President Xi Jinping. In global markets, Asian stocks displayed mixed results, while the U.S. markets reported gains, with the S&P 500 reaching a new all-time high.
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The rise in the Sensex and Nifty may boost investor confidence, potentially leading to increased investments in the stock market.
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