Nifty Surpasses 24,250 Mark as Metal Shares Rally
Nifty above 24,250; metal shares shine
Business Standard
Image: Business Standard
The Nifty 50 index rose to 24,292.50, gaining 0.26%, supported by easing crude oil prices and positive global trends. Metal shares continued their upward trajectory, with the Nifty Metal index climbing 1.51%. However, Lotus Chocolate Company and GTPL Hathway reported significant losses in their latest quarterly results.
- 01Nifty 50 index increased by 63.80 points to reach 24,292.50.
- 02Metal shares led the gains, with the Nifty Metal index up 1.51%.
- 03Lotus Chocolate Company reported a net loss of ₹4.47 crore in Q4 FY26.
- 04GTPL Hathway faced a consolidated net loss of ₹15.01 crore in Q4 FY26.
- 05The overall market breadth was strong, with 2,462 shares rising.
Advertisement
In-Article Ad
In morning trade, the Nifty 50 index achieved a notable rise, trading above 24,250 at 24,292.50, marking an increase of 0.26%. The S&P BSE Sensex also saw gains, jumping 272.50 points to reach 78,383.74. Metal shares were a highlight, with the Nifty Metal index climbing 1.51% to 12,737.80, following a decline in the previous sessions. Key contributors included Hindustan Zinc, Hindalco Industries, and Vedanta, all posting significant gains. In contrast, Lotus Chocolate Company faced a setback, reporting a net loss of ₹4.47 crore in Q4 FY26, down from a profit of ₹1.42 crore year-on-year. Similarly, GTPL Hathway reported a consolidated net loss of ₹15.01 crore for the same quarter. The broader market reflected a positive sentiment, with a strong market breadth as 2,462 shares rose against 1,384 that fell.
Advertisement
In-Article Ad
Investors in the stock market may see fluctuations in their portfolios, particularly in the metal sector, which is currently experiencing gains. Companies reporting losses may affect investor confidence.
Advertisement
In-Article Ad
Reader Poll
Do you think the metal sector will continue to rise in the coming weeks?
Connecting to poll...
More about BSE
Nifty Index Surpasses 24,300 Amid Strong Media Sector Performance
Business Standard • Apr 17, 2026
Goodluck India Ltd Surges 9.07% Amid BSE Industrials Index Growth
Business Standard • Apr 16, 2026
Indian Markets Surge on US-Iran Deal Hopes; Sensex and Nifty Reach One-Month Highs
Business Standard • Apr 15, 2026
Read the original article
Visit the source for the complete story.