Indian Stock Market Recovers Slightly Amid Metal Shares Surge
Sensex, Nifty pare losses; metal shares advance for 6th day

Image: Business Standard
On Wednesday, India's equity benchmarks, Sensex and Nifty, recovered from early losses, showing minor gains as investors reacted to recent US strikes on Iran. Metal shares advanced for the sixth consecutive day, with the Nifty Metal index rising 1.78%. KEC International and JK Tyre Industries saw significant stock movements.
- 01The S&P BSE Sensex increased by 121.96 points, reaching 75,903.35, while the Nifty 50 rose by 39.16 points to 23,952.76.
- 02Broader markets outperformed benchmarks, with the BSE 150 MidCap Index up 0.64% and the BSE 250 SmallCap Index up 0.54%.
- 03The Nifty Metal index surged 1.78%, marking a total increase of 4.32% over six consecutive trading sessions.
- 04KEC International secured new orders worth ₹1,303 crore across various sectors, boosting its stock by 0.74%.
- 05JK Tyre Industries reported an 80.19% rise in net profit for Q4 FY26, leading to a stock increase of 5.62%.
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On Wednesday, the Indian stock market showed signs of recovery, with both the Sensex and Nifty indices paring early losses to trade with slight gains. The S&P BSE Sensex rose by 121.96 points to reach 75,903.35, while the Nifty 50 climbed 39.16 points to 23,952.76. Investors remained cautious due to the impact of recent US strikes on Iran, which affected market sentiment. Notably, metal shares continued their upward trend for the sixth consecutive day, with the Nifty Metal index increasing by 1.78%, contributing to a total rise of 4.32% over this period. Broader market indices also outperformed the benchmarks, with the BSE 150 MidCap Index up by 0.64% and the BSE 250 SmallCap Index by 0.54%. In individual stock performances, KEC International's stock rose by 0.74% after securing new orders worth ₹1,303 crore, while JK Tyre Industries saw a significant 5.62% increase following an impressive quarterly profit report. Conversely, AstraZeneca Pharma India faced a decline of 5.82% after reporting a drop in net profit.
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The fluctuations in the stock market can influence investor sentiment and economic outlook in India.
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