Share market update: Nifty Metal index in the red; Hindalco Industries dips 3%

NEW DELHI: The Nifty Metal index was trading 0.88 per cent down at 3,401.35 around 11:11 am on Wednesday with most of its components trading in red.

Shares of Hindalco Industries (down 2.88 per cent), Jindal Steel & Power (down 2.18 per cent), Hindustan Zinc (down 1.93 per cent), Welspun Corp (down 1.86 per cent), National Aluminium Company (down 1.79 per cent) and Hindustan Copper (down 1.72 per cent) were the top losers in the metal pack.

MOIL (up 6.21 per cent), Coal India (up 1.77 per cent) and APL Apollo Tubes (up 0.29 per cent), were the top gainers in the index.

Benchmark NSE Nifty50 index was up 17.45 points at 10,602.2, while BSE Sensex was up 122.47 points at 35,284.95 at that time.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red.

Shares of YES Bank, Infosys, ICICI Bank, Bank of Baroda, SBI, Ashok Leyland, ITC, L&T Fin Holding, RIL, Idea Cellular, Tata Motors, DLF, HPCL and GAIL were among the most traded shares on the NSE.