Tuesday, 6 March 2018

Metal stocks rebound; Tata Steel gains 2%

Shares of metal producers rebounded, in-line with the gains in the broader market, as concerns of a trade war eased, lifting shares globally.

On Monday, shares fell, especially those of metal producers on concerns that the US will impose a 25% import tariff on steel, and 10% on aluminium.

Shares of Vedanta,Tata Steel and Hindalco Industries were the best performers on the Nifty50, up 1-2%. The Nifty Metal index is the top sectoral indices, up over 0.50%.

Tata Steel Ltd is currently trading at Rs668.50 up by Rs13.15 or 2.01% from its previous closing of Rs655.35 on the BSE. The scrip opened at Rs662.95 and has touched a high and low of Rs673.50 and Rs662.95 respectively.

Vedanta Ltd is currently trading at Rs321.75 up by Rs6.65 or 2.11% from its previous closing of Rs315.10 on the BSE. The scrip opened at Rs318.10 and has touched a high and low of Rs327.05 and Rs318.10 respectively.

National Aluminium Company Ltd is currently trading at Rs64.85 up by Rs0.9 or 1.41% from its previous closing of Rs63.95 on the BSE. The scrip opened at Rs64.95 and has touched a high and low of Rs65.90 and Rs64.55 respectively
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