Market Now: Metal stocks hot; Hindustan Copper surges 7%

NEW DELHI: Metal and mining stocks were bullish in Thursday's trade owing to higher base metals prices in global commodities markets.

Shares of Hindustan Copper climbed up to 7 per cent after copper prices reached near a four-year peak in global markets.

Shares of Hindalco Industries (up 2.90 per cent), National Aluminium Company (up 2.40 per cent), JSW Steel (up 2.39 per cent), Jindal Steel & Power (up 1.95 per cent), Vedanta (up 1.66 per cent), MOIL (up 1.47 per cent) and Steel Authority of India (SAIL) (up 1.37 per cent) also witnessed gains.


The Nifty Metal index was trading 1.42 per cent up at 3,934 around 10 am (IST).

Benchmark NSE Nifty50 index was 12 points up at 10,503, while the BSE Sensex was 22 points up at 33,934.

Among the 50 stocks in the Nifty50 index, 27 were trading in the green, while 22 were in the red. One stock was appearing unchanged.

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Shares of Sun Pharma, Steel Authority of India (SAIL), Vedanta, Hindalco, NHPC, DLF, Axis Bank, Punjab National Bank, State Bank of India, Bank of Baroda, Idea Cellular and Motherson Sumi were trading among the most active stocks on the National Stock Exchange.

Shares of Hindalco, Vedanta, UPL, Hindustan Unilever and Tata Steel were trading as the top gainers in the Nifty50 index.

However, Sun Pharma, Hero MotoCorp, Axis Bank, Wipro and Ambuja Cements were trading in the negative zone among the Nifty stocks.