Lloyds Metals & Energy Surges 4% as Nifty Eyes 22K Level

Indian equity markets opened on a cautious note on Monday, with the Nifty 50 trading near the 22,000 psychological mark and the Sensex hovering around 73,500 levels in early deals. Investors are focusing on select stock-specific action amid mixed global cues. Among the prominent highlights, brokerage houses have flagged Lloyds Metals & Energy as a compelling 'buy' for the session, citing strong fundamentals and positive momentum in the steel and power sectors. The stock has shown resilience, gaining over 4% in morning trade, outperforming the broader market. Market participants are also keeping a close watch on upcoming quarterly earnings and macroeconomic data for further direction. Trading volumes remain moderate as participants await clearer cues from global markets. The Nifty Metal index is among the top gainers, supported by rising base metal prices internationally.