Market Now: Metals turn it around; NMDC, SAIL jump up to 2%

NEW DELHI: Erasing the losses of morning session, most metal stocks moved up as the trade advanced on Thursday.
The Nifty Metal index was trading 0.90 per cent up at 3,489 around 11:10 am.
Shares of NMDC (up 2.17 per cent), SAIL (up 1.75 per cent), Coal India (up 1.57 per cent) and Tata Steel (up 1.55 per cent) were the top gainers in the index.
JSW Steel (up 1.10 per cent), Nalco (up 1.06 per cent), Hindustan Copper (up 0.93 per cent), Hindustan Zinc (up 0.74 per cent), MOIL (up 0.64 per cent), Hindalco Industries (up 0.48 per cent) and Jindal Steel & Power (up 0.18 per cent) were also in the green.
However, Jindal Stainless (Hisar) (down 2.10 per cent) and Vedanta (down 1.05 per cent) continued suffering losses.
Shares of Vedanta were reeling under pressure as the Madras High Court ordered the group to halt construction at its Thoothukudi plant amid growing unrest.
Equity markets were up, underpinned by gains in IT, financial and bank stocks following overnight gains in the Wall Street.
However, losses in oil and auto stocks were keeping the gains restricted.
The NSE Nifty50 index was up 44 points at 10,475, while the BSE Sensex was up 190 points at 34,535.
Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.
The Nifty Metal index was trading 0.90 per cent up at 3,489 around 11:10 am.
Shares of NMDC (up 2.17 per cent), SAIL (up 1.75 per cent), Coal India (up 1.57 per cent) and Tata Steel (up 1.55 per cent) were the top gainers in the index.
JSW Steel (up 1.10 per cent), Nalco (up 1.06 per cent), Hindustan Copper (up 0.93 per cent), Hindustan Zinc (up 0.74 per cent), MOIL (up 0.64 per cent), Hindalco Industries (up 0.48 per cent) and Jindal Steel & Power (up 0.18 per cent) were also in the green.
However, Jindal Stainless (Hisar) (down 2.10 per cent) and Vedanta (down 1.05 per cent) continued suffering losses.
Shares of Vedanta were reeling under pressure as the Madras High Court ordered the group to halt construction at its Thoothukudi plant amid growing unrest.
Equity markets were up, underpinned by gains in IT, financial and bank stocks following overnight gains in the Wall Street.
However, losses in oil and auto stocks were keeping the gains restricted.
The NSE Nifty50 index was up 44 points at 10,475, while the BSE Sensex was up 190 points at 34,535.
Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.