Stock market update: Metal stocks surge up to 8%; Vedanta, Hindalco among top gainers

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most metal mining stocks were trading with decent gains in Friday's session. The Nifty Metal index was trading 2.1 per cent up
at 3,708 around 02:45 pm on Friday, with shares of Jindal Stainless (Hisar) (up 7.79 per cent) as top gainers
Hindustan Zinc (up 4.47 per cent), Vedanta (up 4.45 per cent), Steel Authority of India (SAIL) (up 3.47 per cent) and Jindal Steel Power
(up 3.32 per cent) clocked strong gains. Hindalco Industries (up 2.73 per cent), JSW Steel (up 2.18 per cent), Hindustan Copper (up 1.82 per
cent), Tata Steel (up 1.77 per cent), NMDC (up 1.15 per cent) and Nalco (up 0.93 per cent) climbed in that order
Meanwhile, Coal India (down 1.33 per cent), MOIL (down 1 per cent) and APL Apollo Tubes (down 0.93 per cent) declined
Benchmark NSE Nifty50 index was up 122 points at 11,492, while the BSE Sensex was up 314 points at 38,032
Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red
Indiabulls Housing Finance, BPCL, UPL, Vedanta and HPCL featured among the top Nifty gainers. HCL Technologies, Infosys, Coal India, Wipro
and Bharti Airtel were among the top losers in the Nifty index.