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Market Now: Metal stocks shine; NALCO jumps 4%

Dec 20, 2017, 02.09 PM IST
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Market Now: Metal stocks shine; NALCO jumps 4%
BSE Sensex was 41 points up at 33,877.
NEW DELHI: Metal & mining stocks National Aluminium Company (NALCO) (up 4.39 per cent), Jindal Steel & Power (up 3.95 per cent), Steel Authority of India (SAIL) (up 2.58 per cent) and JSW Steel (up 2.01 per cent) registered significant gains in Wednesday's trade, keeping the Nifty Metal index up.

The Nifty Metal index was trading 0.89 per cent up at 3,815 around 2 pm (IST).

Shares of Hindalco Industries (up 1.99 per cent), Hindustan Zinc (up 1.13 per cent), APL Apollo Tubes (up 0.99 per cent), Coal India (up 0.73 per cent), Vedanta (up 0.62 per cent), Jindal Stainless (Hisar) (up 0.26 per cent) and Hindustan Copper (up 0.22 per cent) were also seen in the green.

However, Tata Steel (down 1.01 per cent) and MOIL (down 0.82 per cent) were trading in the red in the metal index around that time.

Benchmark NSE Nifty50 index was 11 points up at 10,474, while the BSE Sensex was 41 points up at 33,877.

Among the 50 stocks in the Nifty50 index, 26 were trading in the green, while 24 were in the red.

In the Nifty 50 index, Hindalco, Hero MotoCorp, Oil & Natural Gas Corporation, Lupin, Tata Motors and GAIL were among the top gainers.

However, Dr Reddy's Labs, Eicher Motors, Hindustan Petroleum Corporation, Ambuja Cements, Tata Steel and Kotak Mahindra Bank were among the top losers in the Nifty50 index.
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