The Indian key benchmark indices advanced today's early deals (23 May 2022) on the back of buying auto and construction stocks.
The BSE Sensex rose over 250 points to 54,600, and the NSE Nifty50 gained 60 points to 16,330.
Auto stocks Maruti, Hero Moto, Tata Motors, and Eicher Motors were among the top winners on Nifty, up 2.5-4 percent.
On the flip side, metal stocks slumped on the hike in steel export duty. Tata Steel and JSW Steel fell over 10 percent each, leading to losses on Sensex and Nifty.
The broader markets were outperforming the benchmarks. The BSE MidCap and the SmallCap indices rose up to 0.7 percent.