Share market update: Metal shares advance; Tata Steel surges over 6%

NEW DELHI: Most metal shares were trading in the positive zone in Friday's morning session.

Shares of Tata Steel (up 6.75 per cent), Jindal Steel & Power (up 6.40 per cent), JSW Steel (up 3.87 per cent) and Steel Authority of India (SAIL) (up 2.92 per cent) were the top gainers in the index.

Jindal Stainless (Hisar) (up 2.16 per cent), NMDC (up 1.94 per cent), Hindalco Industries (up 1.78 per cent) and National Aluminium Company (up 1.04 per cent) too were trading higher.

The Nifty Metal index was trading 2.55 per cent up at 3067.25 around 10:43 am.

Benchmark NSE Nifty50 index was up 32.60 points at 11,674.40 while the BSE Sensex was up 77.83 points at 38,808.69.

Among the 50 stocks in the Nifty index, 28 were trading in the green, while 21 were in the red.

Shares of Tata Steel, YES Bank, SAIL, Vodafone Idea, Tata Motors, Axis Bank, DLF, Vedanta, Ashok Leyland, JSW Steel, Indian Oil Corp, Bank of Baroda, Bharti Infratel, Hindalco Inds. and BHEL were among the most traded shares on the NSE.