Metal Sector Leads The Nifty 50 Index Today

Metal Sector Leads The Nifty 50 Index Today

The recent performance of the Nifty 50 Index suggests that this Indian stock market index saw an exponential movement since its bullish rally in the last week. The index crossed the 17,000 mark with its opening value of 17,079.50 today. Nifty 50 was up by 1.35% as it closed at 17,158.25 (gaining by 228.65 points) on Friday, July 29, 2022. The leading sectors were Metal (3.86) and Media (1.42). Therefore, the index wraps up the week at a ‘green’ again.

Top Gainers And Losers Today

The top Indian stocks that saw a bullish performance today are:

  • SBI Life Insurance Company Limited
  • Tata Steel Limited
  • Hindalco Industries Limited

The stocks that saw a bearish performance even on a ‘green’ day are:

  • Dr. Reddy’s Laboratories Limited
  • State Bank Of India
  • Kotak Mahindra Bank Limited

The Nifty 50 Index is expected to go up further but it is recommended that no new positions are acquired shortly. The investment strategies should be decided after Monday’s opening  as it would serve as one of the primary deciding factors.

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Sahil Patil

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