Indian indices close higher for second day

Sensex and Nifty extended gains as metal and PSU bank stocks led the rally, while the RBI’s neutral policy stance helped maintain investor confidence heading into the new trading week.

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Indian indices close higher for second day

Indian indices close higher for second day
Indian stock markets continued their upward trajectory on October 3, with the Sensex climbing 224 points to 81,207 and the Nifty gaining 58 points to close at 24,894. Strong buying interest in metals, public sector banks, and consumer durable stocks drove the rally, while realty and healthcare sectors saw mild profit booking. Investor sentiment improved following the Reserve Bank of India’s supportive policy stance, which boosted broader market confidence. Midcap and smallcap indices outperformed the benchmark indices, reflecting risk-on participation from retail and institutional investors.
Companies:
  • State Bank of India
  • Tata Steel
  • Hindalco
Tags:
  • stocks
  • markets