BSE Metal puts up a good show, shoots up by over 2%

With almost all the metal stocks trading in the green, the S&P BSE Metal index has excited investors during its Wednesday’s trading session. The index was trading up by 320 points or 2.44% at the 13,266 level on the BSE at 1157 hours.
 
Vedanta was contributing majorly to the gains, trading up by 2.45% at Rs 305 per share. Hindalco and JSW Steel were contributing more than 50 points in the index gains. Among others, Tata Steel, NMDC, Coal India and Hind Zinc were also contributing majorly to the index gains. JSW Steel was the top gainer in the index, trading up by nearly 4% at Rs 256.85 per share. The stock also touched its new 52-week high at Rs 257.25 per share on Wednesday. NMDC, Hindalco and Jindal Steel were all trading up by over 3%. 
 
NMDC was trading up by 3.86% at Rs 126 per share. The stock also witnessed an increase in volume by more than 1.54 times. Hindalco was trading higher by 3.84% at Rs 236 per share. Among others, Jindal Steel was trading up by 3.27% at Rs 135 per share, Hind Zinc was trading higher by 2.85% at Rs 292 per share, National Aluminium was trading up by 2.50% at Rs 69.60 per share, and Tata Steel was trading higher 1.27% at Rs 638 per share. Coal India and Sail were trading up by nearly 1%.
 
Meanwhile, Sensex was trading up by 297 points at 31,685 and Nifty was trading up by 103 points at 9,899.