Sensex Surges Over 220 Points on Robust Gains In Metal And Banks

Indian equity markets closed positively on October 3, with Nifty reaching near 24,900 and Sensex rising 224 points, boosted by strong buying interest in metal and banking sectors. This rally reflects growing investor confidence amid supportive macroeconomic cues and robust sectoral performances.

Key Market Highlights

Sensex closed at 81,207.17, up 223.86 points or 0.28%, while Nifty gained 57.95 points or 0.23%, ending near 24,894.25

Metal stocks led the charge rallying nearly 2%, driven by gains in Tata Steel, Hindalco, and JSW Steel

Banking sector showed renewed strength with PSU banks rising 1%, and private banks such as Kotak Mahindra and Axis Bank also gaining

Midcap and smallcap indices outperformed, recording gains of 0.8% and 1% respectively, indicating broad-based market participation

Sector performance was mixed with pharma, realty, and FMCG lagging, while consumer durables and energy sectors showed strength

Market breadth was positive with about 2,592 shares advancing against 1,411 declines, supported by RBI’s dovish stance and improving earnings outlook

The sustained market momentum ahead of the festive season signals investor optimism in selective sectors.

Sources: Moneycontrol, Economic Times, Business Standard, NSE India