The frontline indices traded with decent gains in morning trade. The Nifty traded above the 19,750 mark. Metal shares advanced after declining in the past trading session.

At 09:27 IST, the barometer index, the S&P BSE Sensex, was up 233.92 points or 0.36% to 65,889.07. The Nifty 50 index added 78.15 points or 0.40% to 19,772.15.

In the broader market, the S&P BSE Mid-Cap index rose 0.37% while the S&P BSE Small-Cap index gained 0.40%.

The market breadth was strong. On the BSE, 2,180 shares rose and 1,187 shares fell. A total of 167 shares were unchanged.

Buzzing Index:

The Nifty Metal index gained 1.50% to 6,872.85. The index shed 0.48% in the past trading session.

Welspun Corp (up 4.03%), Adani Enterprises (up 2.74%), Hindalco Industries (up 2.29%), National Aluminium Company (up 1.73%), Jindal Stainless (up 1.56%), JSW Steel (up 1.39%), Hindustan Copper (up 1.27%), Jindal Steel & Power (up 1.1%), Tata Steel (up 1.05%) and Steel Authority of India (up 0.83%) edged higher.

Stocks in Spotlight:

KEC International added 0.79%. announced that it has secured new orders of Rs 1,005 crore across its various businesses in India and overseas.

Vascon Engineers rallied 4.27%. The company has received Letter of Intent from Municipal Secretary?s Department - Pimpri-Chinchwad Municipal Corporation, Pune of Rs. 356.78 crore (excluding GST) for Construction of General Hospital Building for PCMC Hospital in Moshi, Pimpri-Chinchwad, Pune (Maharashtra).

Kirloskar Electric Company jumped 6.60%. The management has withdrawn the lockout at the company's unit no. 15 with effect from 20 November 2023 and has requested all workmen through labour union to report to work.

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