Equity indices in the green as metal stocks surge

Equity indices in the green as metal stocks surge

Equity benchmark indices were in the positive terrain during early hours on Wednesday as Asian markets treaded cautiously ahead of the US Federal Reserve policy decision.

Oil prices, meanwhile, jumped on hopes that demand will pick up as many countries lift some of the coronavirus-related restrictions.

At 10:15 am, the BSE SandP Sensex was up by 268 points or 0.83 per cent at 32,383 while the Nifty 50 edged higher by 82 points or 0.88 per cent at 9,463.

All sectoral indices at the National Stock Exchange were in the green with Nifty metal up by 2.2 per cent, realty by 1.3 per cent and PSU bank by 1.2 per cent.

Among stocks, home loan lender HDFC moved up by 4.1 per cent at Rs 1,786.50 per share while Bajaj Finance gained by 3.8 per cent.

Metal majors JSW Steel, Hindalco and Vedanta ticked up by 2.9 per cent, 2.8 per cent and 2 per cent respectively.