The multibagger stock gained 3.23% to Rs 2,200 against the previous close of Rs 2131.20 on BSE. Later, the stock closed 1.26% higher at Rs 2158.10.
With equity markets lacking momentum, the metal sector has emerged as a clear outperformer. While gold and silver continue to rally, experts warn that precious metals are entering a speculative zone. Interestingly, strong demand in gold and silver has spilled over into aluminium, copper and zinc, lifting metal stocks sharply. The metal sector gained nearly 25% last year, far ahead of Sensex and Nifty, and continues to lead in early 2026 as well. Steel stocks remain laggards but are showing early signs of a catch-up move. For investors seeking relatively safer exposure instead of pure commodity speculation, metal equities offer a compelling alternative. Hindalco stands out for aluminium and copper exposure, while Vedanta offers a diversified play across aluminium, copper, zinc and even silver.
At close, the Sensex gained 187.64 points, or 0.23 per cent, to settle at 83,570.35. The Nifty rose 28.75 points, or 0.11 per cent, to end at 25,694.35.
At 10.25 am, Sensex was trading at 84,022.67, up 639.96 points or 0.77 per cent. Nifty rose 188.55 points, or 0.73 per cent, to 25,854.15.
Wall Street ended higher overnight, with all three major indices closing in the green. The Dow Jones Industrial Average rose 0.60% to 49,442.44.
Nifty futures on the NSE International Exchange traded 74.50 points, or 0.29 per cent, up at 25,793.50, hinting at a positive start for the domestic market on Friday.
Indian equities ended lower on Tuesday after giving up early gains driven by optimism over U.S. trade developments. The Sensex closed 250 points lower at 83,627, while the Nifty slipped 57 points to end at 25,732. The Nifty Bank bucked the trend, rising 128 points to 59,578. Selling pressure was seen in realty, consumer durables and pharma stocks, while selective buying emerged in IT and PSU banks. QSR and rice stocks remained in focus. ONGC, Eternal, Tech Mahindra, Hindalco and ICICI Bank were among the top gainers, while Trent, L&T, Reliance Industries, Dr Reddy’s and InterGlobe Aviation featured among the top losers.
At close, the Sensex declined 244.98 points, or 0.29 per cent, to settle at 83,382.71. The Nifty fell 66.70 points, or 0.26 per cent, to end at 25,665.60.
Volatile conditions often expose a hard truth about retail investing: most investors do not fail because they pick the wrong stocks — they fail because they do not know when to exit. That, according to Alok Jain, Founder of Weekend Investing, is the single biggest blind spot in Indian equity investing.
JSW Steel and Tata Steel are expected to outperform. The brokerage attributed this resilience to a superior sales mix, cost control measures, operational efficiency, and a steady growth in volumes.
At last check on Wednesday, shares of Nestle India were trading 0.11 per cent higher at Rs 1320.10 apiece on the bourses.
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