Home Business Sensex, Nifty Edge Higher; Metal Stocks Fall, Banking Shares Subdued

Sensex, Nifty Edge Higher; Metal Stocks Fall, Banking Shares Subdued


Sensex, Nifty Edge Higher; Metal Stocks Fall, Banking Shares Subdued

The Indian equity benchmarks edged higher in opening deals on Wednesday, a day ahead of monthly expiry of May futures and option contracts. The Sensex rose as much as 264 points to hit an intraday high of 50,637.53 and Nifty 50 index touched an intraday high of 15,258.60.

As of 9:23 am, the Sensex was up 75 points at 50,712 and Nifty advanced 13 points to 15,211.

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher ledby the Nifty Media index’s nearly 2 per cent gain.

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