Nifty Metal rises amid volatile trade; Welspun Corp surges 7%, APL Apollo hits new high

APL Apollo Tubes shares hit a fresh 52-week high on Thursday, whereas MOIL, Nalco stocks drag.

Sep 09, 2021 02:09 IST India Infoline News Service

The Nifty Metal index traded higher amid weak markets on Thursday. Welspun Corp and APL Apollo Tubes led the gains as the Index saw buying activity in most of the stocks. MOIL and National Aluminium were under pressure.

At around 2.05 PM, BSE Sensex was trading at 58,208.65 down 41.61 points or 0.07% and Nifty50 at 17,340.40 down 13.10 points or 0.08%.

The Nifty Metal was trading at 5,761.25 up 40.50 points or 0.71%, after touching a high of 5,770.25 and low of 5,714.90 during intraday trade.

Welspun Corp jumped 6.72% at Rs126.30 per piece in the afternoon trade. 

APL Apollo Tubes hit fresh 52-week high of Rs1901 per piece on Thursday. The stock has been in demand this week. It was trading 2.6% higher at Rs1,887.45 per piece.

SAIL, Jindal Steel, Tata Steel, Vedanta and Hindalco were also bullish. JSW Steel was also higher. Hindustan Zinc and NMDC traded flat. 

MOIL shed 2.36% at Rs165.70 per piece. National Aluminium (Nalco) was also 1% down. Coal India, Ratnamani and Adani Enterprises also traded in the red. 

Related Story

Open Free Demat Account (Rs699)