Sensex, Nifty track broader Asia higher; metal stocks gain

Reuters Bengaluru, India Nov 25, 2019, 02.24 PM(IST)

File photo Photograph:( Reuters )

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The NSE Nifty 50 index rose 0.3 per cent at 11,946.90, while the S&P BSE Sensex was up 0.27 per cent at 40,472.53.

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 cent at 11,946.90, while the S&P BSE Sensex was up 0.27 per cent at 40,472.53.

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

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 cent in early trading.

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

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