Market Now: Metal stocks mixed; Hindustan Zinc, Tata Steel up 2%
NEW DELHI: Metal and mining stocks Hindustan Zinc (up 1.89 per cent), Tata Steel (up 1.81 per cent), JSW Steel (up 1.62 per cent), Coal India (up 1.57 per cent), MOIL (up 1.28 per cent), NMDC (up 0.42 per cent) and Vedanta (up 0.35 per cent) were trading up in afternoon trade on Monday.
The Nifty Metal index was trading 0.53 per cent up at 4,157 around 02:25 pm (IST).
However, shares of APL Apollo Tubes (down 5.38 per cent), Jindal Steel & Power (down 4.32 per cent), Steel Authority of India (SAIL) (down 1.65 per cent), Jindal Stainless (Hisar) (down 1.47 per cent), National Aluminium Company (NALCO) (down 1.11 per cent), Hindustan Copper (down 0.74 per cent) and Hindalco Industries (down 0.56 per cent) were down in the index around that time.
Benchmark NSE Nifty50 index was 61 points up at 11,131, while the BSE Sensex was 269 points up at 36,319.
Among the 50 stocks in the Nifty50 index, 30 were trading in the green, while 20 were in the red.
Over 50 stocks including Adani Enterprises, Escorts, Havells India, HDFC, HDFC Bank, Indiabulls Housing Finance and ICICI Bank hit fresh 52-week highs on NSE in Monday’s trade.
With a gain of over 4 per cent, Maruti Suzuki India was leading the Nifty50 index.
On the contrary, Dr. Reddy’s Laboratories cracked over 5 per cent in the Nifty50 index in Monday’s trade.