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Metal stocks continued their rally for a fourth consecutive trading session.
At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 491.58 points or 0.58% to 85,683.42. The Nifty 50 index gained 163.70 points or 0.63% to 26,310.25.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.86% and the S&P BSE Small-Cap index jumped 0.72%.
The market breadth was strong. On the BSE, 2,653 shares rose and 1,466 shares fell. A total of 183 shares were unchanged.
Buzzing Index:
The Nifty Metal index added 1.09% to 11,378.75. The index jumped 5.47% for the four consecutive trading sessions.
National Aluminium Company (up 3.97%), Hindalco Industries (up 3.06%), Hindustan Copper (up 2.31%), Hindustan Zinc (up 2%), Vedanta (up 1.76%), Welspun Corp (up 0.84%), NMDC (up 0.74%), Adani Enterprises (up 0.58%), Jindal Steel (up 0.54%) and JSW Steel (up 0.4%) surged.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.40% to 6.607 as compared with the previous close of 6.581.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 90.2200 compared with its close of 89.9850 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement advanced 0.85% to Rs 136,962.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.13% to 98.41.
The United States 10-year bond yield rose 0.31% to 4.163.
In the commodities market, Brent crude for February 2025 settlement added 18 cents or 0.30% to $61.03 a barrel.
Stocks in Spotlight:
Tamilnad Mercantile Bank rose 2.27% after the company’s total advances jumped 16.30% to Rs 50,763 crore as of 31 December 2025 compared with Rs 43,650 crore as of 31 December 2024.
Zota Health Care advanced 1.75% after the company announced significant expansion in its Davaindia store network, adding 276 new stores. The company’s COCO segment opened 231 stores in Q3 FY26, taking the total number of COCO stores managed by wholly owned subsidiary Davaindia Health Mart to 1,207 as of 30 September 2025.
Rama Steel Tubes rose 0.32%. The company said that it has registered a sales volume of 58,974.55 ton in Q3 FY26, which is higher by 14.1% as compared with the volume of 51,669.01 ton recorded in Q3 FY25.
For 9M FY26, the company has reported sales volume of 171,935.78 ton, up 22.9% YoY.
Rama Steel Tubes has been a pioneer in India's steel tube manufacturing sector, offering a wide range of products including pre-galvanized, structural, and hollow sections.
On a consolidated basis, the company's consolidated net profit declined 16.35% to Rs 5.32 crore despite a 23.77% increase in revenue to Rs 268.13 crore in Q2 FY26 over Q2 FY25.
The scrip rose 0.11% to currently trade at Rs 9.45 on the BSE.