Indian Equity Indices Recover from Early Losses; Metal Shares Surge
Indices pare early losses; metal shares in demand
Business Standard
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Indian equity benchmarks recovered early losses, with the S&P BSE Sensex rising by 104.77 points to 74,664.01 and the Nifty 50 gaining 84.55 points to 23,464.35. Metal shares saw significant demand, rebounding after previous declines, while retail inflation slightly increased to 3.48% in April 2026.
- 01S&P BSE Sensex rose by 104.77 points to 74,664.01.
- 02Nifty 50 index increased by 84.55 points to 23,464.35.
- 03Nifty Metal index surged by 1.77% after prior declines.
- 04Retail inflation reached 3.48%, slightly above March's 3.4%.
- 05Kross and Foseco India reported significant profit increases.
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In morning trade, Indian equity benchmarks made a modest recovery after four sessions of sharp declines. The S&P BSE Sensex increased by 104.77 points to reach 74,664.01, while the Nifty 50 index rose by 84.55 points to 23,464.35. The recovery was driven by value buying, particularly in metal shares, which advanced 1.77% after experiencing declines in the previous three sessions. The broader market also showed strength, with the BSE 150 MidCap Index and BSE 250 SmallCap Index gaining 0.82% and 0.91%, respectively. On the economic front, India's annual retail inflation edged up to 3.48% in April 2026, slightly above March's 3.4% and lower than market expectations of 3.8%. Food inflation rose to 4.2%, contributing to the overall increase in inflation. Notable performers included Kross, whose net profit surged by 30.98%, and Foseco India, which reported a 56.02% increase in profit after tax.
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The recovery in equity indices may boost investor confidence and stabilize market sentiment, potentially benefiting retail investors and businesses reliant on market performance.
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