Sensex, Nifty lead in third day on metal stocks

The Indian equity benchmark rose for the third consecutive day on Thursday due to gains in metal and information technology stocks. The benchmark opened higher and extended gains in afternoon deals, with the Sensex rising to 456 points and the Nifty 50 index crossing its critical psychological level of 14,950. However, selling pressure in banking and financial services stocks in the last hour of trading led to the index reaching an all-time high today.

The Sensex gained 84 points or 0.17 percent to 49,746 levels and the Nifty 50 index gained 55 points to end at 14,874.

Six of the 11 sectors compiled by the National Stock Exchange closed with a lead of over 4 per cent, led by the Nifty Metal Index. FMCG, IT, auto and realty stocks also saw interest.

On the other hand, banking, financial services, PSU banks and private bank indices ended with negative bias.

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