Nifty Rebounds to 24,900 on Broad-Based Buying in Metal, Banking & Consumer Durable Stocks
Strong rally in Tata Steel, Hindalco, Kotak Mahindra Bank and Axis Bank lifts Indian equities
The Indian stock market closed near the day’s highs on a broad based rally, with the Nifty reclaiming the 24,900 mark. Gains were led by metals, banking, and consumer durable stocks, contributing to a positive weekly performance.
Heavy buying was observed in metal stocks such as Tata Steel, Hindalco, and JSW Steel. Both PSU and private sector banks, including Kotak Mahindra Bank and Axis Bank, supported the market’s rebound throughout the session.
At the close of trading, the Sensex rose 223.86 points, or 0.28%, to end at 81,207.17, while the Nifty gained 57.95 points, or 0.23%, to finish at 24,894.25, reflecting investor optimism across key sectors.
