Stocks

Sensex jumps 760 points as metals, auto rebound; Nifty rallies 233 points

Reuters | | Updated on: Jun 21, 2022

Stock exchange chart graph. Finance business background. Abstract stock market diagram candle bars trade. Depicts TradingView financial market chart. istock photo for BL | Photo Credit: Maximusnd

PSU stocks rally over 2 per cent in early trade

Indian shares rose on Tuesday, lifted by gains in metal, technology and automaker stocks, although concerns lingered about a hit to growth from aggressive central bank rate hikes.

The NSE Nifty 50 index rose 233 points or 1.50 per cent to 15,583.55 , while the S&P BSE Sensex climbed 760.61 points or 1.50 per cent to 52,358.55 .

The blue-chip indexes are set for a second straight session of gains after suffering heavy losses last week on fears that aggressive rate hikes around the globe to curb inflation could lead to a recession.

The Nifty Metal index was among the best performing sub-indexes, rising as much as 2.3% after plumbing 14-month lows in the previous session. Tech stocks rose 1.6%, while automakers advanced 1.2%.

KEC International climbed 5.9% after the construction company said it bagged orders worth Rs 1,092 crore . (

Published on June 21, 2022
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