Metal Stock rise, Tata Steel Topped


Shares of Metal companies were moving in bullish mode during the afternoon market session, even though markets traded flat under bout volatility during mid-session.
The Nifty Metal index was trading higher by 1.77% at 2,543.00 at around 1.30 pm.
Shares of Tata Steel demonstrated a surge by 3.75%, Hindalco up 2.95%, JSW Steel rose 2.10%, and Hindustan Zinc went up 1.85%, as the top index gainers in the Metal shares.
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In addition, MOIL, Jindal Steel & Power, Vedanta, APL Apollo, Hindustan Copper, NMDC and national Aluminum have recorded gains 2 to 3.6% in range. However, Coal India and Welspun Corp were trading in the loss in upto 1.65%

Meantime, benchmark Sensex scaled down at 40286, down 70 points and the NSE Nifty stood at 11886-level, down 9 points.
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In the 50-scrip of the Nifty, 28 shares witness buying pressure, while the rest 22 stocks see some selling.
Tata Steel and Bharti Airtel have contributed about 4% impetus on both the benchmarks — the Sensex and the Nifty.

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