Nifty Metal index closed up 4.73% at 5335.85 today. The index is up 23.00% over last one month. Among the constituents, National Aluminium Company Ltd added 10.87%, NMDC Ltd rose 8.42% and Steel Authority of India Ltd jumped 7.93%.
The Nifty Metal index is up 215.00% over last one year compared to the 61.14% surge in benchmark Nifty 50 index. In other indices, Nifty Commodities index added 1.92% and Nifty PSE index increased 1.53% on the day. In broad markets, the Nifty 50 increased 0.67% to close at 14823.15 while the SENSEX recorded a gain of 0.52% to close at 49206.47 today.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Nifty Metal index closed up 4.53% at 4855.3 today. The index has gained 23.00% over last one month. Among the constituents, JSW Steel Ltd added 9.64%, Steel Authority of India Ltd jumped 8.70% and Tata Steel Ltd gained 6.17%.
The Nifty Metal index has soared 182.00% over last one year compared to the 55.91% increase in benchmark Nifty 50 index. In other indices, Nifty Commodities index gained 1.78% and Nifty PSU Bank index has dropped 1.14% on the day. In broad markets, the Nifty 50 recorded a gain of 0.20% to close at 14894.9 while the SENSEX recorded a gain of 0.06% to close at 49765.94 today.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dalal Street week ahead: Commodities, metals, select midcaps look well poised
SECTIONS
Share
Synopsis
The coming week will be a truncated one, with Wednesday being a trading holiday on account of Dr Babasaheb Ambedkar Jayanti. Given the current technical setup, Nifty continues to walk the double-edged sword just like the week before his one.
Getty Images
Related
Moving in a trading range that was wider than the previous week, Indian equities did not make any directional headway over the past five days and ended flat. Nifty oscillated in a range, but stayed within the falling channel that the index had formed following the formation of its lifetime high.