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Sensex drops 53 points in volatile trade amid weak global cues; metal stocks shine, IT falters
Gains from metal and energy stocks were offset by losses in banking and IT stocks. Tata Steel, JSW Steel, and Power Grid saw considerable gains, climbing 2.5% to 3.7%. US rate-sensitive IT stocks closed 0.2% lower. Volatility on Tuesday touched 22.3, a 23-month-high. The market capitalisation of all listed companies on BSE surged by Rs 2.23 lakh crore to Rs 414.58 lakh crore.