FX.co ★ Sensex, Nifty Modestly Higher, Metal Stocks Tumble

On Tuesday, Indian stocks experienced a slight recovery in early trading following a recent trend of significant declines. These past losses were largely influenced by ongoing foreign capital outflows, surging crude oil prices, and heightened tensions in the Middle East.

Market participants were also reacting to the preliminary outcomes of the assembly elections in Haryana and Jammu & Kashmir.

The S&P BSE Sensex, a key market indicator, rose by 300 points, which equates to a 0.4 percent increase, reaching 81,348. Similarly, the NSE Nifty index showed a rise of 84 points, or 0.3 percent, settling at 24,879.

Notable gainers included SBI, Larsen & Toubro, UltraTech, BEL, and Axis Bank, all advancing by 1-2 percent. Conversely, metal sector stocks like Hindalco, JSW Steel, and Tata Steel saw declines ranging from 2-4 percent.

Nestle India experienced a slight dip following the announcement of Manish Tiwary's appointment as the new managing director. Tiwary previously served as the head of Amazon India.