Metal stocks gain in early trade: SAIL up 2.37%, MOIL up 1.89%, Hindalco up 1.29%, Hindustan Copper up 1.61%
Metal stocks were among the top performers in Tuesday's early trading session, witnessing notable gains across the board. The rally comes amid positive global cues and improved sentiment around industrial demand.
At 10:10 AM, shares of Steel Authority of India Ltd (SAIL) surged 2.37% to ₹156.80, leading the gains in the metal pack. MOIL Ltd followed with a rise of 1.89%, trading at ₹263.50. Hindustan Copper Ltd gained 1.61% at ₹317.50, while Hindalco Industries Ltd climbed 1.29% to ₹645.95.
Broader market sentiment for metal and mining stocks remained upbeat, possibly supported by expectations of increased infrastructure activity and firming base metal prices globally.
Other notable movers included Vedanta Ltd, up 1.25% at ₹450.15, and Jindal Steel and Power Ltd, gaining 0.86% at ₹998.95.
The BSE Metal index traded 1.2% higher, outperforming the broader market indices in early hours.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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