At around 11:30 AM, Nifty Metal was trading at 4,470.80 up 73.35 points or 1.67%. It touched an intraday high of 4,472.55 and an intraday low of 4,394.50 during early trading hours.
Heavyweights Adani Enterprises, Hindalco, Tata Steel, APL Apollo Tubes extended the sharp rally during mid-session of trade.
Adani Enterprises being the top outperformer on the index surging by 3.4% at Rs1,168.45 per piece. Recently, Adani Road Transport Limited, a Wholly Owned Subsidiary of the Adani Enterprises, has incorporated a subsidiary company namely, “Panagarh Palsit Road Private Limited (“PPRPL”).
Hindalco and NALCO jumped by 2.5% each. While Vedanta, APL Apollo Tubes and NMDC zoomed nearly 2% each.
Accordingly, gainers list on Nifty Auto was led by Tata Steel surging by 1.4% followed by Jindal Steel up 1.3%. Nearly 1% rise each was recorded in Hindustan Zinc, SAIL and Coal India.
JSW Steel and Welspun Corp were trading marginally up on the index.
On the contrary, MOIL was the top laggard of the index tumbling marginally down by 0.3% at Rs155.45 per piece.
Ratnamani also shed 0.2% at Rs1,930.05 per piece.