Stock market update: Metals shine; Vedanta, Tata Steel jump up to 3%

NEW DELHI: Most metal & mining stocks, including Vedanta (up 3.05 per cent), Jindal Steel & Power (up 2.74 per cent) and Tata Steel (up 2.65 per cent), were trading with healthy gains during Monday's session.

The BSE Metal index was trading 2.11 per cent up at 13,150.57 around 02:20 pm.

Hindalco Industries (up 2.23 per cent), JSW Steel (up 2.02 per cent), Steel Authority of India (SAIL) (up 1.98 per cent), NMDC (up 1.25 per cent), Hindustan Zinc (up 0.99 per cent) and Coal India (up 0.73 per cent) too were up.

However, shares of National Aluminium Company (Nalco) (down 0.22 per cent) were slightly under pressure.

Equity market was trading higher on gains in most sectors, barring IT and consumer durables.

Benchmark BSE Sensex was up 363.77 points at 38,311.65, while the NSE Nifty50 index was up 89.15 points at 11,559.90.

Larsen & Toubro, Reliance Industries and HDFC twins were the top contributors to the rally in the Sensex index.

Infosys, however, plunged over 3 per cent in the Sensex index. Maruti Suzuki, ICICI Bank and Axis Bank too were in the red.