On the Metal index, 13 scrips advanced and 2 scrips declined currently rebounding from Wednesday's session.
At around 10:45 AM, the Nifty Metal was trading at 5,643.20 up by 30.75 points or 0.55%. The index has touched an intraday high and low of 5,670.80 and 5,626.30 respectively.
Vedanta was the top gainer surging by 3% to lift the performance followed by NALCO gaining 2% at Rs90.05 per piece.
Welspun Corp was trading at Rs117.25 per piece, up 1.38%
Coal India, JSW Steel and Adani Enterprises climbed around 1% each.
Tata Steel and MOIL jumped nearly 0.5% each as well. APL Apollo surged 0.33% while NMDC and Hindalco also supported to trade 0.30% and 0.23% higher respectively. SAIL and Jindal Steel were trading on a flat note.
On the contrary, Ratnamani Metals and Hindustan Zinc plunged nearly 1% to drag the index
Coal India stocks in focus as its production in August rises 14.6% yoy to 42.6 million tonnes.
JSW Steel’s Joint MD & Group CFO Seshagiri Rao said that the company expects exports to compensate sluggish domestic demand.
NMDC reports its iron ore production rises 44% yoy to 15MT in April-August. Also, Jindal Steel & Power board has approved raising up to $1 billion via senior unsecured bonds