Sensex jumps over 100 pts, Nifty above 24,300; metal and financial stocks lead
financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month.
By 9:21 am, the BSE Sensex was up over 100 points, or 0.14%, at 80,358.73, while the Nifty50 gained 23 points, or 0.10%, trading at 24,299.
Among the Sensex stocks, Adani Ports, JSW Steel, SBI, HDFC Bank, IndusInd Bank, and Tata Steel were the top gainers, rising up to 3%. In contrast, ITC, Bharti Airtel, Sun Pharma, Kotak Bank, and M&M opened lower.
In individual stocks, Solar Industries surged 9.5% in early trade after it, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defense products to international clients.
Swiggy shares also climbed 9.4% in early trade as the food delivery giant will be releasing its financial results for the second quarter ended September today.
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