Sensex and Nifty Surge, Metal Stocks Soar

28 Aug 2023 , 01:15 PM

At 1:00 PM, the Sensex exhibited an increase of 244.41 points or 0.38%, reaching 65,130.92 points, while the Nifty displayed a rise of 75.20 points or 0.39%, reaching 19,341 points. The market saw about 1866 shares moving higher, 1328 shares facing a decline, and 144 shares remaining unchanged.

Among the top performers within the Nifty index were BPCL, Power Grid, Cipla, M&M, and Larsen. Conversely, Hindalco, Bajaj Finserv, HUL, Nestle, and Britannia faced losses.

With the exception of the information technology sector, all other sectors are currently trading positively, with capital goods and realty indices marking a 1% increase each. Furthermore, the BSE Midcap and smallcap indices both displayed a rise of 0.5% each.

Metal stocks have witnessed an upswing following the announcement that China, the largest global producer and consumer of metals, has approved guidelines aimed at providing support to its property sector.