Indian benchmark indices ended on positive note in the volatile session on November 4.
At Close, the Sensex was up 113.95 points or 0.19% at 60,950.36, and the Nifty was up 64.50 points or 0.36% at 18,117.20. About 1997 shares have advanced, 1356 shares declined, and 129 shares are unchanged.
Adani Enterprises, Hindalco Industries, Bajaj Finserv, Adani Ports and JSW Steel were among the top Nifty gainers. Losers included Hero MotoCorp, Dr Reddy’s Laboratories, BPCL, Cipla and HDFC Life.
Among sectors, Metal index up 4 percent and PSU Bank index up 1 percent, while Pharma index down 1 percent.
Mining Stocks, Base Metals Roar Higher on China Optimism
Mining stocks rose sharply on Friday as base metals prices gained in response to a report that bolstered hopes for a quick relaxation to China’s Zero-COVID policy.
Bloomberg reported earlier that China is working on plans to scrap a system that penalizes airlines for bringing virus cases into the country. The report revived this week’s strong rally in Chinese stocks, which had begun when unverified claims on Chinese social media said the government may put together a new committee to coordinate an exit from a policy that has acted as a drag on the world’s second-largest economy all year.