Nifty Surpasses 24,250 Mark as Metal Shares Rally
Nifty above 24,250; metal shares shine
Business Standard
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The Nifty 50 index rose to 24,292.50, gaining 0.26%, supported by easing crude oil prices and positive global trends. Metal shares continued their upward trajectory, with the Nifty Metal index climbing 1.51%. However, Lotus Chocolate Company and GTPL Hathway reported significant losses in their latest quarterly results.
- 01Nifty 50 index increased by 63.80 points to reach 24,292.50.
- 02Metal shares led the gains, with the Nifty Metal index up 1.51%.
- 03Lotus Chocolate Company reported a net loss of ₹4.47 crore in Q4 FY26.
- 04GTPL Hathway faced a consolidated net loss of ₹15.01 crore in Q4 FY26.
- 05The overall market breadth was strong, with 2,462 shares rising.
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In morning trade, the Nifty 50 index achieved a notable rise, trading above 24,250 at 24,292.50, marking an increase of 0.26%. The S&P BSE Sensex also saw gains, jumping 272.50 points to reach 78,383.74. Metal shares were a highlight, with the Nifty Metal index climbing 1.51% to 12,737.80, following a decline in the previous sessions. Key contributors included Hindustan Zinc, Hindalco Industries, and Vedanta, all posting significant gains. In contrast, Lotus Chocolate Company faced a setback, reporting a net loss of ₹4.47 crore in Q4 FY26, down from a profit of ₹1.42 crore year-on-year. Similarly, GTPL Hathway reported a consolidated net loss of ₹15.01 crore for the same quarter. The broader market reflected a positive sentiment, with a strong market breadth as 2,462 shares rose against 1,384 that fell.
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Investors in the stock market may see fluctuations in their portfolios, particularly in the metal sector, which is currently experiencing gains. Companies reporting losses may affect investor confidence.
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