12,080.85-45.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

Market Now: Metal stocks shine; Jindal Steel, JSW Steel up 3%

Vedanta, Aurobindo Pharma, Bharti Infratel, Hindalco and Tata Motors were the top gainers in the Nifty50 index.

ETMarkets.com|
Last Updated: Oct 16, 2017, 10.36 AM IST
0Comments
The Nifty Metal index was trading 1.72 per cent up at 3,850 around 10.20 am (IST).
The Nifty Metal index was trading 1.72 per cent up at 3,850 around 10.20 am (IST).
NEW DELHI: Decent gains in Jindal Steel & Power (up 3.35 per cent), JSW Steel (up 2.93 per cent), Vedanta (up 2.44 per cent), NMDC (up 2.28 per cent) and Nalco (up 2.06 per cent) kept Nifty Metal index in the green territory in Monday's trade.

The Nifty Metal index was trading 1.72 per cent up at 3,850 around 10.20 am (IST). Benchmark Nifty50 was 0.62 per cent up at 10,231, while the BSE Sensex was 0.56 per cent up at 32,614 around the same time.

For trending stocks and buzzing news, track this LIVE BLOG from Dalal Street

Hindalco Industries (up 1.88 per cent), Jindal Stainless (Hisar) (up 1.33 per cent), MOIL (up 1.11 per cent), Coal India (up 1.10 per cent) and Tata Steel (up 0.94 per cent) were also trading in the green.

Besides metal, telecom stocks were also bullish in Monday's trade.

Telecom stocks such as Tata Teleservices (Maharashtra), Idea Cellular, Tejas Networks, Bharti Infratel, Bharti Airtel, Vindhya Telelinks and Tata Communications were trading in the green in Monday's morning trade, helping the BSE Telecom index extend the gains for the fifth consecutive session.

Vedanta, Aurobindo Pharma, Bharti Infratel, Hindalco and Tata Motors were the top gainers in the Nifty50 index.

IndusInd Bank, Axis Bank, Wipro, Bajaj Finance and Tech Mahindra were trading in the red, defying the bullish market stance.

On the NSE, 1032 stocks were advancing, compared with 553 stocks declining and 391 stocks remaining unchanged.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service