Market Now: Nifty Metal index up; Jindal Stainless zooms 6%

ETMarkets.com|
Updated: Feb 26, 2018, 01.37 PM IST
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Market Now: Nifty Metal index up; Jindal Stainless zooms 6%
Indian Oil Corporation, Tata Motors, IndusInd Bank, Maruti Suzuki and Kotak Mahindra Bank were among the top gainers in the Nifty pack of stocks.
NEW DELHI: Metal and mining stocks Jindal Stainless (Hisar) (up 5.87 per cent), APL Apollo Tubes (up 4.18 per cent) and Vedanta (up 1.55 per cent) were trading with gains in the Nifty Metal index in afternoon trade on Monday.

The Nifty Metal index was trading 1.02 per cent up at 4,070 around 01:15 pm (IST).

Shares of Hindustan Zinc (up 1.40 per cent), Coal India (up 1.08 per cent), JSW Steel (up 1.03 per cent), NMDC (up 0.88 per cent), Tata Steel (up 0.87 per cent), Jindal Steel & Power (up 0.83 per cent), Hindalco Industries (up 0.63 per cent) and Steel Authority of India (SAIL) (up 0.29 per cent) were also among the gainers in the metal index.

However, shares of MOIL (down 2.32 per cent) and National Aluminium Company (NALCO) (down 1.18 per cent) were down in the index around that time.

Equity benchmarks were trading in the green, backed by gains in metal, auto, bank and telecom stocks.

The NSE Nifty50 index was 75 points up at 10,566, while the BSE Sensex was 242 points up at 34,384.

Among the 50 stocks in the Nifty50 index, 38 were trading in the green, while 12 were in the red.

Indian Oil Corporation, Tata Motors, IndusInd Bank, Maruti Suzuki and Kotak Mahindra Bank were among the top gainers in the Nifty pack of stocks.

However, Sun Pharma, Wipro, Infosys, Tate Consultancy Services and Tech Mahindra were among the losers in the Nifty50 index.
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