Markets Mid-Session: Stock Rise in IT Versus Metal

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Positive momentum continues in the markets through mid-session. Overcoming the IT index which topped in the morning session, currently, the Nifty Metal index excels among 11 sectoral constituents in the Nifty.

As of 11.45-hrs, the Nifty Metal rose 2.89% at 2,665.95, while the Nifty IT stood behind by 1.38% at 15,559.85. Meantime, the Nifty climbed at 12143.60, up 90 points and the Sensex stood at 41259.72, up by 321 points.

Among the metal components, Jindal Steel rose 6.11%, Hindustan Copper advanced 4.67%, Vedanta and Tata Steel added 4.5% each as top index gainers. In addition, Sail, Hindalco, JSW Steel, National Aluminum, NMDC, Coal India and Hindustan Zinc added strengths in the index by 1 to 3.5% each. To Avail Best stock Tips and the top stock future tips visit our website.

However, Welspun Corp and APL Apollo were trading lower in the Metal index.

Looking at the IT index, NIIT Tech added 5.86%, followed by Justdial, Infosys, TCS, MindTree, TechMahidnra, Wipro and Tata Elxsi were major runners in between 1 to 3% each.

Among 50-stocks in the Nifty 37 shares witness buying pressure while the remaining 13 nos see selling with Gail India Sun Pharma falling the most, whereas Tata Steel and Vedanta rising the most over 4%

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