Sensex, Nifty Rise as Auto and Metal Stocks Lead Sector Rally

Speedy Summary

• market Performance:

– Teh BSE Sensex rose 0.21% to 80,882.84, and the Nifty 50 ascended 0.25% to reach 24,805.10 by mid-morning trading.- Broader indices such as nifty Midcap 100 and Smallcap 100 also gained between 0.26%-0.34%.

• Auto Sector Rally:

– The government’s GST rate cut declaration spurred optimism in the auto sector.
– The Nifty Auto index surged by approximately 2.14%, with top gainers including Bharat Forge (+5.60%), Ashok leyland (+4.75%), and Tata Motors (+3.25%).

• Metal Sector Gains:

– Morgan Stanley upgraded target prices for steel producers, boosting metal stocks.
– Nifty Metal index climbed by about1 .21%; notable performers included SAIL (+4.26%), Tata Steel (+2 .9%). related Segments Jumppurred tracks

sources connectclick fo read