Sensex, Nifty rise amid positive global cues; metal stocks gain

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Key Points

The S&P BSE Sensex rose 0.71 per cent to 58,314.12 as of 9:31 am, while the NSE Nifty 50 was up 0.72 per cent at 17,167.20..

Broader markets also gained in early trade, reflecting the strong sentiments in the benchmark indices...

Domestic stocks have gained momentum in early trade after improvement in global cues..

Benchmark stock market indices gained on Wednesday as investors gained confidence after a rebound in global markets, following positive US inflation data...

The mood on Dalal Street remained fairly positive in early trade after a rebound in global equities, following four consecutive days of weakness. This was due to favourable US inflation data, which indicated that the US Federal Reserve would go for a smaller interest rate hike at its policy review meeting next week...

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