Nifty Metal index up over 2%;Tata Steel, Hindustan Zinc stocks lead

The Nifty Metal index is currently trading at 2,415.15 up 51.80 or 2.19% after opening at 2,376.65 and touching a high of 2,417.05 and low of 2,373.35.

Oct 21, 2020 11:10 IST India Infoline News Service

The Nifty Metal gained 2% with Tata Steel up over 3%, Hindustan Zinc, Jindal Steel and Hindalco are also up 3% each.

The Nifty Metal index is currently trading at 2,415.15 up 51.80 or 2.19% after opening at 2,376.65 and touching a high of 2,417.05 and low of 2,373.35.

Shares of Jindal Steel and Tata Steel ensured Metal stocks have a good week by leading the Index with over 3% each trade on Wednesday. Hindalco and Hindustan Zinc are also trading ~3% higher.

Hindustan Zinc posted a net profit of declined 6.78% to Rs1940cr in the quarter ended September 2020 as against Rs2081cr during the previous quarter ended September 2019.

AP Apollo is also trading 2% higher, while Hindustan Copper Limited and Welspun Corp Limited are trading in the red zone.

The Nifty 50 index was at 11,991.35 up 94.55 or 0.79%. The Nifty Midcap 50 Index was 4.729.15 up 38.65 or 0.82%.

On NSE, among 50 stocks, 36 advanced and 14 declined.

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