Stock market update: Coal India, Tata Steel drag Nifty Metal index down

NEW DELHI: Losses in shares of Coal India (down 2.31 per cent), Tata Steel (down 1.91 per cent) and Hindustan Zinc (down 0.99 per cent) dragged the metal index down in Tuesday's session.

The Nifty Metal index was trading 0.60 per cent down at 3,610 around 12:20 pm.

Shares of Hindustan Copper (down 0.80 per cent), Hindalco Industries (down 0.25 per cent) and MOIL (down 0.23 per cent) also suffered losses.

However, Nalco (up 2.30 per cent), Steel Authority of India (SAIL) (up 1.77 per cent) and Jindal Stainless (Hisar) (up 1.73 per cent) clocked decent gains.

NMDC (up 0.53 per cent), APL Apollo Tubes (up 0.29 per cent), Jindal Steel & Power (up 0.16 per cent), JSW Steel (up 0.11 per cent) and Vedanta (up 0.09 per cent) too were in the green zone at that time.

Benchmark NSE Nifty50 index was up 26 points at 10,993, while the BSE Sensex was up 108 points at 36,413.

Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red.

Axis Bank, YES Bank, Sun Pharma, IndusInd Bank and Infosys were among the top gainers in the Nifty index.

Indiabulls Housing Finance, GAIL (India), BPCL, HPCL and PowerGrid were among the top losers in the Nifty pack of stocks.