Metal stocks such as APL Apollo Tubes BSE 4.91 % (up 4.71 per cent), Hindustan Zinc BSE 3.84 % (up 3.85 per cent), National Aluminium Company BSE 2.17 % (Nalco) (up 3.65 per cent) and MOILBSE 3.66 % (up 3.04 per cent) gained up to 4 per cent in Tuesday’s trade, helping Nifty Metal index extend the gains for the third consecutive session.
The Nifty Metal index was trading 1.08 per cent up at 3,589 around 10.40 am (IST), while benchmark Nifty was 0.66 per cent up at 9,853 and Sensex was trading at 31,498, up 0.69 per cent.
Besides Nifty Metal index, auto and realty indices were also gaining over 1 per cent in Tuesday’s trade
Rate-sensitive auto stocks were gaining ahead of RBI’s monetary policy review outcome, due tomorrow, amid encouraging September sales data
PSU banks, however, appeared cautious. State Bank of India BSE -0.63 % (down 0.87 per cent), IndusInd Bank BSE 1.18 % (down 0.49 per cent) and Kotak Mahindra Bank BSE -0.27 % (down 0.24 per cent) were losing in trade.
However, Axis Bank BSE 0.64 %, ICICI Bank BSE 0.14 % and IDFC Bank were trading in the green.
Tata Motors BSE 4.37 %, GAIL BSE 3.51 %, Bajaj Auto BSE 2.35 %, Reliance Industries BSE 1.83 %, Bharti Infratel and Indiabulls Housing Finance were the top gainers in the Nifty pack.
On the contrary, Power Grid BSE -1.64 %, Maruti, State Bank of India and Larsen & Toubro were the top losers.
On the NSE, 1143 stocks were advancing, compared with 455 stocks declining and 399 stocks remaining unchanged.
On the BSE, 1,492 stocks were advancing whereas 671 stocks were lagging and 98 stocks were appearing unchanged.
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