Basic materials stocks were trading in the positive zone, with the S&P BSE Basic Materials index rising 75.63 points or 1.82% at 4229.92 at 09:48 IST.
Among the components of the S&P BSE Basic Materials index, Neogen Chemicals Ltd (up 10.43%), Jindal Stainless Ltd (up 7.7%),GHCL Ltd (up 7.07%),Tata Steel BSL Ltd (up 6.55%),National Aluminium Company Ltd (up 6.43%), were the top gainers. Among the other gainers were Gujarat Fluorochemicals Ltd (up 5.79%), Tata Steel Ltd (up 5.32%), Tata Metaliks Ltd (up 4.98%), Tamil Nadu Newsprint & Papers Ltd (up 4.91%), and Polyplex Corporation Ltd (up 4.76%).
On the other hand, Gravita India Ltd (down 4.36%), Hindustan Copper Ltd (down 3.69%), and National Fertilizer Ltd (down 2.94%) moved lower.
At 09:48 IST, the S&P BSE Sensex was up 296.46 or 0.59% at 50593.35.
The Nifty 50 index was up 85.35 points or 0.57% at 15004.45.
The S&P BSE Small-Cap index was up 232.61 points or 1.12% at 21038.85.
The S&P BSE 150 Midcap Index index was up 71.56 points or 1.03% at 6992.84.
On BSE,1598 shares were trading in green, 632 were trading in red and 105 were unchanged.
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