Nifty Metal index’s 1.7 percent Gain

Gold Silver Reports (GSR) – Nine out of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index’s 1.7 percent gain. On the flipside, Nifty PSU Bank index was the top sectoral loser, down 0.12 percent.                               

Indian equity benchmarks edged higher led by gains in metal shares as Hindalco and NALCO rose after U.S. imposed sanctions on Russian tycoons.                           

The S&P BSE Sensex rose 0.3 percent or 100 points to 33,889 and the NSE Nifty 50 index gained 0.25 percent or 26 points to 10,405.