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Market Now: Metal stocks shine; MOIL, Vedanta up 2%

NEW DELHI: Most of the metal & mining stocks including MOIL ..

NEW DELHI: Most of the metal & mining stocks including MOIL (up 2.17 per cent), Vedanta (up 1.53 per cent), Hindalco Industries (up 1.52 per cent) and Steel Authority of India (SAIL) (up 1.33 per cent) were trading up in afternoon trade on Wednesday.

The Nifty Metal index was trading 0.93 per cent up at 4,114 around 01:45 pm (IST).

Shares of JSW Steel (up 1.33 per cent), Hindustan Zinc (up 1.13 per cent), Jindal Steel & Power (up 0.89 per cent), Coal India (up 0.79 per cent), National Aluminium Company (NALCO) (up 0.50 per cent) and Tata Steel (up 0.42 per cent) were also in the green.

However, shares of Jindal Stainless (Hisar) (down 2.09 per cent), Hindustan Copper (down 0.88 per cent), NMDC (down 0.51 per cent) and APL Apollo Tubes (down 0.05 per cent) were down in the index around that time.

Benchmark NSE Nifty50 index was 55 points up at 10,756, while the BSE Sensex was 203 points up at 34,974.

Among the 50 stocks in the Nifty50 index, 30 were trading in the green, while 20 were in the red.

In the Nifty 50 index, Infosys, Adani Ports SEZ, State Bank of India, Aurobindo Pharma and HPCL were among the top gainers.

However, Wipro, Hero MotoCorp, Tata Motors, Zee Entertainment and ONGC were among the top losers.

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