{"id":54920,"date":"2023-08-30T13:26:23","date_gmt":"2023-08-30T17:26:23","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/nifty-rises-for-3rd-day-sensex-jumps-373-pts-metals-lead-the-rally\/"},"modified":"2023-08-30T13:26:26","modified_gmt":"2023-08-30T17:26:26","slug":"nifty-rises-for-3rd-day-sensex-jumps-373-pts-metals-lead-the-rally","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54920","title":{"rendered":"Nifty Rises for 3rd Day, Sensex Jumps 373 Pts, Metals Lead the Rally"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By Malvika Gurung<\/p>\n<p>Investing.com &#8212;\u00a0Indian market indices continue to rise for the third day in a row, opening higher on Wednesday amid positive cues from Asian peers as Wall Street ended the overnight session on a strong note, after weaker-than-expected economic data indicated a slowdown in the world\u2019s largest economy, stoking hopes of an ease in Fed rate hikes going forward.<\/p>\n<p dir=\"ltr\">Benchmark indices Nifty50 gained 0.54% to 19,448 levels, and  surged 373 points or 0.59% at 11:07 am. The Indian market volatility barometer  fell 6.2% in the ongoing session and was last seen trading 4.4% lower at 11.65 points.<\/p>\n<p dir=\"ltr\">Metal and IT sectors led the gains on Dalal Street on Wednesday, with buying seen across all the sectors.<\/p>\n<p dir=\"ltr\"> jumped 1.4% during the intraday trade, while  followed, leading the upswing among major sectoral indices listed under the Nifty umbrella.  traded 0.35% higher while writing.<\/p>\n<p dir=\"ltr\">The demerged financial services undertaking of <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Reliance Industries <\/span><\/span> <\/span><\/span> Ltd (NS:) (RIL), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Jio Financial Services <\/span><\/span> <\/span><\/span> Ltd (NS:) was the top gainer on , followed by <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Tata Steel <\/span><\/span> <\/span><\/span> (NS:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Axis Bank <\/span><\/span> <\/span><\/span> (NS:) and Hindalco (NS:), while the state-owned giants <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Bharat Petroleum <\/span><\/span> <\/span><\/span> (NS:) and PowerGrid Corporation (NS:) led the losses on the headline pack.<\/p>\n<p dir=\"ltr\">The metals sector rallied in anticipation of further green shoots from the Chinese government and central banks, aimed at improving the local economy, stated Vinod Nair, Head of Research at Geojit Financial Services, in a note sent to Investing.com.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/nifty-rises-for-3rd-day-sensex-jumps-373-pts-metals-lead-the-rally-3163911\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. By Malvika Gurung Investing.com &#8212;\u00a0Indian market indices continue to rise for the third day in a row, opening higher on Wednesday amid positive cues from Asian peers as Wall Street ended the overnight session on a strong note, after weaker-than-expected economic data indicated a slowdown in the world\u2019s largest economy, stoking hopes of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-54920","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nifty Rises for 3rd Day, Sensex Jumps 373 Pts, Metals Lead the Rally | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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