The Nifty Metal index reached a record high on Monday morning, becoming the top sectoral gainer, led by stocks like NMDC, Steel Authority of India Ltd (SAIL), and Welspun Corp. The index touched 10,229.30 at 9:37 AM, marking its all-time high.
Top Performers in the Nifty Metal Index
As of 9:40 AM, shares of NMDC surged by 4.17% to ₹245, contributing significantly to the rise in the index. SAIL followed with an increase of 1.71%. Other notable gainers in the Nifty Metal index include:
- Hindalco Industries: Up 1.79% at ₹760.50.
- TATA Steel: Trading 1.47% higher at ₹169.00.
- Manaksia Coated Metals & Industries: Up by 4%, trading at ₹69.00.
The strong performance across key metal stocks has pushed the Nifty Metal index to new heights, signaling positive investor sentiment in the sector.
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