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Market Now: Metal stocks firm; MOIL top gainer

ETMarkets.com|
Oct 23, 2017, 01.12 PM IST
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NEW DELHI: Metal and mining stocks such as MOIL (up 4.88 per cent), Hindustan Zinc (up 1.65 per cent), JSW Steel (up 1.56 per cent) and Coal India (up 1.45 per cent) were gaining, keeping the Nifty Metal index up in Monday's trade.

The Nifty Metal index was trading 0.17 per cent up at 3,827 around 1 pm (IST). Benchmark Nifty50 index was 0.09 per cent down at 10,137, while the 30-share Sensex was 0.10 per cent down at 32,356.

Tata Steel (up 0.38 per cent), Hindustan Copper (up 0.24 per cent) and Jindal Stainless (Hisar) (up 0.23 per cent) were also trading marginally up around that time.

However, APL Apollo Tubes (down 2.78 per cent), Jindal Steel & Power (down 1.78 per cent), NMDC (down 1.60 per cent), Hindalco Industries (down 1.37 per cent) and Steel Authority of India (SAIL) (down 0.42 per cent) were losing in trade.

Over 80 stocks, including HCL Technologies, Avanti Feeds, Bharti Airtel, Britannia Industries, Havells India, Hindalco Industries, Indiabulls Housing Finance, Indian Energy Exchange, MOIL, NBCC (India), Petronet LNG, Ramky Infrastructure, Sobha, Tata Chemicals and Torrent Power hit fresh 52-week highs on NSE in Monday's trade.

Bharti Airtel, UltraTech Cement, ICICI Bank, Reliance Industries, Coal India and Ambuja Cements were the top gainers in the Nifty50 index.

Cipla, UPL, Bharti Infratel, Mahindra & Mahindra, Lupin and Axis Bank were among the top losers.

On the NSE, 732 stocks were advancing, compared with 935 stocks declining and 312 stocks remaining unchanged.
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