Stock market update: Metal stocks advance; Hindustan Copper gains 3%

NEW DELHI: Metal stocks were trading on a positive note at 02:42PM (IST) on Wednesday.

Shares of Hindustan Copper (up 2.75 per cent), APL Apollo Tubes (up 2.29 per cent), Mishra Dhatu Nigam (up 1.57 per cent), Coal India (up 1.08 per cent) and NMDC (up 0.91 per cent) were among the top gainers.

While Jindal Steel & Power (down 2.0 per cent), Ratnamani Metals & Tubes (down 1.19 per cent), Welspun Corp (down 1.08 per cent), MOIL (down 0.5 per cent) and Steel Authority of India (down 0.23 per cent) were the top losers in the index.

The Nifty Metal index was trading 0.18 per cent up at 3576.4 around 02:42PM.

Benchmark NSE Nifty50 index was down 104.45 points at 15209.0, while the BSE Sensex was down 405.2 points at 51698.97.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of PNB, Vodafone Idea, Central Bank of India, and Bank of India were among the most traded shares on the NSE.

Shares of Bank of India, Bank of Maharashtra, IOB, Happiest Minds and Indian Bank hit their fresh 52 week high in today's trade, while Vera Synthetic, Jiya Eco Products, Sanwaria Consumer, We Win and Shri Ram Switchgears hit fresh 52 week low in trade.