Stock market update: Metal stocks shine; SAIL, Coal India jump 4%

Stock market update: Metal stocks shine; SAIL, Coal India jump 4%

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Sun Pharma, HPCL, Lupin, BPCL and GAIL were among the top gainers in the Nifty index.

NEW DELHI: Most metal & mining stocks were trading up during afternoon trade on Monday.

The Nifty Metal index was trading 1.19 per cent up at 3,610 around 01:45 pm with Jindal Stainless (Hisar) (up 6.86 per cent) as the top gainer.

SAILNSE 4.41 % (up 4 per cent), Coal IndiaNSE 3.34 % (up 3.74 per cent), Jindal Steel & Power (up 2.33 per cent), Tata SteelNSE 1.48 % (up 1.84 per cent) and NMDCNSE 2.44 % (up 1.84 per cent) were up next among the gainers, in that order.

Shares of APL Apollo Tubes (up 1.28 per cent), VedantaNSE 0.73 % (up 0.42 per cent), Hindustan Copper (up 0.28 per cent) and JSW Steel (up 0.26 per cent) too were in the green.

However, Hindalco IndustriesNSE -1.57 %(down 0.96 per cent), Nalco (down 0.55 per cent), MOIL (down 0.31 per cent) and Hindustan Zinc (down 0.10 per cent) were down around that time.

Market was in the positive territory on buying in most sectors amid easing geopolitical concerns and a sharp correction in global crude prices.

Benchmark NSE Nifty50 index was up 88 points at 10,693, while the BSE Sensex was up 255 points at 35,179.

Among the 50 stocks in the Nifty index, 36 were trading in the green, while 13 were in the red.

Sun Pharma, HPCL, Lupin, BPCL and GAIL were among the top gainers in the Nifty index.

However, Tech Mahindra, HCL Tech, TCS, Power Grid and Infosys were leading among losers.

[“Source-economictimes”]