Nifty Metal index rallies near 2% on broad-based buying; SAIL surges 4%; NALCO, Welspun Corp, Tata Steel in top bulls list

30 Dec 2022 , 10:51 AM

Nifty Metal index was on a bull run on Friday as investors prepared their portfolios for the new year 2022. On the last trading session of the calendar year 2022, the index hovered between intraday high and low of 6,804.60 and 6,729.05 respectively. A broad-based buying was recorded with heavyweights driving the performance. The Indian metal stocks shrugged broader mixed sentiments witnessed in the base metals markets globally.

At around 11:00 AM, Nifty Metal was trading at 6,798.75 up by 111.65 points or 1.67%.

SAIL was the top bull soaring by 4% followed by NALCO gaining 3.3%, Welspun Corp surging by 2.6% and Tata Steel climbing 2.5%.

Stocks like Vedanta, Hindalco, MOIL, Hindustan Copper, JSL, APL Apollo, Adani Enterprises jumped between 1.1-2%. Tata Steel advanced 1.2%. Jindal Steel and Hindustan Zinc gained nearly 1%.

Ratnamani Metals and JSW Steel traded higher by 0.7% each.

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