Sensex, Nifty track broader Asia higher; metal stocks gain

Indian shares rose on Monday, led by metals and real estate stocks, while gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment.

The NSE Nifty 50 index rose 0.3 per centat 11,946.90, while the S&P BSESensexwas up 0.27 per centat 40,472.53.

MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 per centafter USnational security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year.

Add WION as a Preferred Source

O'Brien, however, warned Washington would not turn a blind eye to what happens in Hong Kong, which added to worries that a Chinese crackdown on anti-government protests in Hong Kong could further complicate the talks.

In the domestic markets, the Nifty Metals index rose about 1.6 per cent, while the Nifty Realty index advanced 1.8 per centin early trading.

Steelmakers JSW Steel and Tata Steel were the top gainers on the Nifty, rising about 2.5 per centeach, after prices of metals rose on positive signals from Washington on China.

Zee Entertainment lost 2.69 per centand was the top loser on the Nifty.