Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
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Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was up 640 points, or 0.80%, at 80,888.34, while the Nifty50 gained 180 points, or 0.74%, trading at 24,456. 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 w...