Share market update: Metal shares advance; JSPL jumps over 4%

NEW DELHI: Most metal shares were trading with gains in Wednesday's morning session.

Shares of Jindal Steel & Power (up 4.16 per cent), Steel Authority of India (SAIL) (up 2.92 per cent), Tata Steel (up 2.64 per cent) and Vedanta (up 1.71 per cent) were the top gainers in the index.

Welspun Corp (up 1.18 per cent), National Aluminium Company (up 1.00 per cent), Hindalco Industries (up 1.00 per cent) and Jindal Stainless (Hisar) (up 0.86 per cent) too were trading higher.

The Nifty Metal index was trading 1.08 per cent up at 2982.50 around 10:51 am.

Benchmark NSE Nifty50 index was down 70.45 points at 11,895.15 while the BSE Sensex was down 245.67 points at 39,704.79.

Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.

Shares of YES Bank, Indiabulls Housing Finance, SAIL, Dish TV India, PNB, JSPL, Bank of Baroda, Vodafone Idea, Motherson Sumi and Tata Steel were among the most traded shares on the NSE.

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