At around 1.59 pm, Nifty Metal is trading at 5,511 higher by 66.55 points or 1.2%. On the index, 11 scrips advanced and 4 scrips declined.
Coal India was the top gainer soaring over 3%, while Hindalco and NALCO followed by surging 2.4% and 1.8% respectively.
Stocks like NMDC, MOIL, JSW Steel, JSPL and Tata Steel climbed between 1-1.5%. Vedanta and Ratnamani were marginally up, while Adani Enterprises traded flat.
On the contrary, Hindustan Zinc dipped nearly 1% followed by APL Apollo with a marginal downside. SAIL and Welspun Corp traded on a muted level but in red.
Traders globally have a cautious sentiment while keeping a close watch on China's Evergrande's ongoing crisis, and Indian markets are performing on similar lines on Wednesday.
Investors have kept a close watch on China's biggest real estate developer Evergrande default and its impact on the system.
Evergrande that is grappled under a $300B liabilities burden, has announced that it would make a bond interest payment on September 23 (tomorrow) which gave a major relief to global markets. Major experts have ruled out the possibility of Evergrande being a Lehman Brothers crisis.
Metal stocks have been under pressure since the start of this week as the debt crises of Evergrande took a toll on industrial metals and ore prices.