Nifty Metal pares early gains, trades flat; Welspun Corp emerges top bull, APL Apollo weigh down

JSW Steel also gained over 1.3% to lift the performance. MOIL and Hindustan Zinc were also bullish despite trimming gains, Jindal Steel, and SAIL were also trading higher.

Jul 12, 2021 01:07 IST India Infoline News Service

Nifty Metal stocks surged in the afternoon to consolidate on sedate gains in the morning. At around 1.15 pm, Nifty Metal was trading at 5,268.75 down 4.85 points or 0.09%, after touching a high of 5,336.85 and low of 5,268.30 during intraday trade.

BSE Sensex was trading at 52,297.22 down 88.97 points or 0.17% and Nifty50 at 15,665.15 down 24.65 points or 0.16%. 

Welspun Corp advanced 5% at Rs146.40 per piece to emerge the major gainer while JSW Steel also gained over 1.3% at Rs690.70 per piece to lift the performance. MOIL and  Hindustan Zinc were also bullish despite trimming gains, Jindal Steel, and SAIL were also trading higher.

APL Apollo dragged the most at Rs1,502.45 per piece, down 2.7% as out of the 15 stocks, 6 stocks advanced while 9 stocks declined.

Nalco, Hindalco, Adani Enterprises and Tata Steel were also under pressure. Vedanta, Coal India, NMDC and Ratnamani were also lower. 

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