Share market update: Metal shares bullish; SAIL jumps nearly 4%

NEW DELHI: Metal shares were trading in the positive zone in Wednesday's morning session.

Shares of Steel Authority of India (SAIL) (up 3.83 per cent), Welspun Corp (up 2.78 per cent), Tata Steel (up 2.77 per cent) and National Aluminium Company (up 1.99 per cent) were the top performers in the index.

JSW Steel (up 1.88 per cent), Hindustan Zinc (up 1.69 per cent), Jindal Steel & Power (up 1.54 per cent) and Vedanta (up 1.46 per cent) too were trading with gains.


The Nifty Metal index was trading 1.38 per cent up at 3131.60 around 10:53 am.

Benchmark NSE Nifty50 index was up 39.50 points at 11,752.70 while the BSE Sensex was up 195.10 points at 39,251.75.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red.

Shares of Tata Motors, SAIL, DLF, Bank of Baroda, YES Bank, SBI, BEL, Ashok Leyland, Bharti Airtel, Tata Steel, HPCL, Zee Ent., Tata Motors and Indiabulls Housing Finance were among the most traded shares on the NSE.