Sensex, Nifty set for strong weekly gains; metal stocks surge

The NSE Nifty 50 index rose 0.68% to 14,825.35 by 10:04 am, while the benchmark S&P BSE Sensex advanced 0.74% to 49,311.77. Both indexes were set for weekly gains of more than 1% each.

Indian shares rose to a one-week high on Friday and were set for a solid weekly gain as banks firmed and metal stocks scaled new peaks on strong commodity prices, despite domestic coronavirus cases clocking another record daily rise. The NSE Nifty 50 index rose 0.68% to 14,825.35 by 10:04 am, while the benchmark S&P BSE Sensex advanced 0.74% to 49,311.77. Both indexes were set for weekly gains of more than 1% each.