Financial and Metal Stocks Propel India’s Benchmark Index Gains
India’s benchmark indexes rose in early Monday trading, supported by financial and metal sectors. The Nifty 50 and Sensex saw gains despite U.S. tariff uncertainties. Analysts indicated that while recovery is likely, volatility may persist in the markets.
India’s benchmark indexes demonstrated modest gains in early trades on Monday, bolstered by financial services and metal stocks amid ongoing uncertainties regarding U.S. tariffs. The Nifty 50 index rose by 0.35% to 22,632.2, while the Sensex increased by 0.39% to 74,618.54 as of 10:20 a.m. IST. Although nine out of thirteen major sectors experienced growth, the broader smallcaps index fell by 0.5% and mid-caps traded flat.
In summary, financial and metal stocks contributed positively to India’s benchmark indexes, which increased despite ongoing uncertainties in the international trade landscape. Analysts suggest gradual recovery in the markets, while the continued volatility and concerns over U.S. tariff implications remain prevalent. Monitoring developments in bilateral trade agreements with the U.S. will be essential moving forward.
Original Source: www.tradingview.com
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