Nalco jumps nearly 5% | Ideal Stock
Metal and mining intraday stocks were trading mixed during afternoon trade on Thursday.
Nalco (up 4.69 per cent), Tata Steel (up 1.40 per cent), Hindalco IndustriesNSE 1.45 % (up 1.15 per cent), JSW Steel (up 0.94 per cent), Steel Authority of India (SAIL) (up 0.75 per cent) and Vedanta (up 0.28 per cent) were trading with gains.
The Nifty Metal index was trading 0.27 per cent up at 3,351 around 02:20 pm.
However, Hindustan Copper (down 2.01 per cent), Coal India (down 1.77 per cent), NMDC (down 1.56 per cent) and MOIL (down 1.23 per cent) were trading as the top losers in the meatal index.
Shares of APL Apollo Tubes (down 0.97 per cent), Hindustan Zinc (down 0.80 per cent), Jindal Steel & Power (down 0.33 per cent) and Jindal Stainless (Hisar) (down 0.22 per cent) were also under pressure.
Rising crude oil prices and weakening rupee too hit market sentiment.
Moreover, investors were on the sidelines on the last of June series of future and option contracts.
Benchmark NSE Nifty50 index future was down 82 points at 10,589, while the BSE Sensex was 189 points down at 35,028.
Among the 50 stocks in the Nifty index option, 13 were trading in the green, while 37 were in the red.
Tata Steel, Infosys, Hindalco Industries, Mahindra & Mahindra and Lupin were among the top gainers in the Nifty index.
On the contrary, Tech Mahindra, HPCL, Titan Company, GAIL (India) and BPCL were among the top losers in the Nifty pack of stocks.
