NALCO, Tata Steel, BoB stocks gain
On account of positive foreign institutional investors (FIIs) sentiments and Fed chair changing its stance from hawkish to dovish, the Indian indices continue to extend its rally on Wednesday early morning trade session. The BSE Sensex rose 176 points to 39,233 levels while the 50-stock Nifty shot up 41 points to 11,754 levels. The BSE index Nifty Bank rose 242 points to 30,598 levels. Reliance Industries rises near half a per cent.
Banking and finance sector stocks led the bull run on Dalal Street today. Finance major GIC shot up around 3.7 per cent, Maharashtra Scooters shares rose near 2.6 per cent, Stampede Capital counter surge about 4.75 per cent, Tata Investment Corporation stocks rose near 3.15 per cent while Andhra Bank went up near 1.55 per cent.
Metal sector too witnessed a bull run today. Metal major NALCO shot up near 2 per cent, SAIL went up around 1.77 per cent, Tata Steel was up near 1.65 per cent, JSW Steel shares went up near 1.25 per cent, NMDC counter rose around 1.35 per cent while Vedanta stocks shot up near 1 per cent.