Buying support for metal shares

The most recent falls in stocks were backed up by buying in Metal stocks on Friday’s session. 

As a result, the NSE Nifty Metal Index rallied 3.18% at 2,273.60. Shares of Vedanta, Jindal Steel, Sail Tata Steel, and Coal India mainly contributed to the gain.

Remaining index gainers were National Aluminium, JSW Steel, NMDC, Hindustan Zinc, Hindalco, Hindustan Copper, MOIL, Jindal Stainless (Hisar) and APL Apollo Tubes

However, a single index Welspun Corp see in selling mode down by 1.63%.

 The Nifty Metal index began trading today at 2,191-mark.Traders and investors resorted to buying these stocks as the global growth slow-down.

The benchmark Sensex and Nifty were fully recovered from morning loss with Sensex rising by 173-pts at 36646 and the Nifty shined at 10810, up by 69-pts at 1.30pm.

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