Nifty Metal Index up tracking gains in global base metal prices

Metal stocks rose tracking strength in global base metal prices which were up in Asian trade. Base metal prices rose in Asian trade on weakness in US dollar and as continued supply curbs in China were seen as positive for the industry.

Oct 26, 2017 06:10 IST India Infoline News Service

Sheet tin metal rolls, Steel
Nifty Metal Index is trading higher by 1.5% on the Nifty50 Index. Metal stocks rose tracking strength in global base metal prices which were up in Asian trade. Base metal prices rose in Asian trade on weakness in US dollar and as continued supply curbs in China were seen as positive for the industry.

Expectations of pick up in domestic demand after the government's package to revive economic growth also supported the positive sentiment.

Steel Authority of India Ltd is currently trading at Rs 73.4, up by Rs 6.45 or 9.63% from its previous closing of Rs 66.95 on the BSE. The scrip opened at Rs 67.4 and has touched a high and low of Rs 73.75 and Rs 66 respectively.

Hindustan Copper Ltd is currently trading at Rs 70.1, up by Rs 2.3 or 3.39% from its previous closing of Rs 67.8 on the BSE. The scrip opened at Rs 67.8 and has touched a high and low of Rs 71 and Rs 67.1 respectively.

MOIL Ltd is currently trading at Rs 264.15, up by Rs 6.35 or 2.46% from its previous closing of Rs 257.8 on the BSE. The scrip opened at Rs 261.9 and has touched a high and low of Rs 268.4 and Rs 253.8 respectively.

NMDC Ltd is currently trading at Rs 125.85, up by Rs 4.75 or 3.92% from its previous closing of Rs 121.1 on the BSE. The scrip opened at Rs 122.35 and has touched a high and low of Rs 125.9 and Rs 121.4 respectively.

Hindalco Industries Ltd is currently trading at Rs 271.2, up by Rs 4.45 or 1.67% from its previous closing of Rs 266.75 on the BSE. The scrip opened at Rs 266 and has touched a high and low of Rs 274.2 and Rs 266 respectively.

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