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Market Now: Nifty Metal index hits fresh all time high

ETMarkets.com|
Updated: Jan 04, 2018, 11.08 AM IST
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Market Now: Nifty Metal index hits fresh all time high
Coal India, Larsen & Toubro, Tata Steel and Dr Reddy's Labs were trading among the top gainers in the Nifty50 index.
NEW DELHI: Nifty Metal index extended its bullish run for the third consecutive session on Thursday to hit a fresh all-time high of 4,075.60, backed by gains in shares of APL Apollo Tubes (up 7.52 per cent), Coal India (up 2.30 per cent) and JSW Steel (up 2.01 per cent).

Shares of Jindal Steel & Power (up 1.84 per cent), NMDC (up 1.84 per cent), National Aluminium Company (NALCO) (up 1.74 per cent), Tata Steel (up 1.54 per cent), Hindalco Industries (up 1.46 per cent), MOIL (up 1.42 per cent), Steel Authority of India (SAIL) (up 1.39 per cent) and Jindal Stainless (Hisar) (up 0.89 per cent) were also gaining in trade.

Hindustan Copper (down 0.25 per cent) was the only component in the Nifty Metal index that was trading down in the metal index around 10.45 am (IST).

Benchmark NSE Nifty50 index was 13 points up at 10,456, while the BSE Sensex was 38 points up at 33,832 around that time.

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

Shares of NHPC, Steel Authority of India (SAIL), Hindalco Industries, Ashok Leyland, Tata Motors, ITC, Oil and Natural Gas Corporation and Punjab National Bank were among the most traded stocks on the National Stock Exchange.

Coal India, Larsen & Toubro, Tata Steel and Dr Reddy's Labs were trading among the top gainers in the Nifty50 index.

On the contrary, HCL Technologies, Sun Pharma, ICICI Bank, Infosys and Lupin were seen under selling pressure.
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