Metals inventories rally amid rising commodity costs

Metals Inventories Immediately: Nifty Steel rose 3.56% to 4,345.45 factors.

Inventory costs of metals reminiscent of SAIL, Jindal Metal, Hindalco, JSW Metal, Tata Metal rebounded on Tuesday April 13, after a bounce in commodity costs. Metal Authority of India or SAIL gained greater than six p.c, whereas Jindal Metal gained greater than 5 p.c, in at the moment’s session. Amongst sector indices, Nifty Steel rose 3.56% to 4,345.45 factors. On Tuesday, SAIL opened on the NSE at Rs 85.35, hitting an intra-day excessive of Rs 89.45 and an intra-day low of Rs 85.35 within the session up to now.

Whereas, Jindal Metal opened on the NSE at Rs 389, hitting an intraday excessive of Rs 408.45 and an intraday low of Rs 384.3, within the session up to now.

Whereas, on the Sensex, JSW Metal gained greater than 4 p.c in at the moment’s session. It opened at Rs 607.90, hitting an intraday excessive of Rs 633 and an intraday low of Rs 604.20. within the session up to now. JSW Metal was final up 4.40 p.c to Rs 630.80 on BSE.

Tata Metal additionally gained over 3% in at the moment’s session. Tata Metal opened on the NSE at Rs 862, hitting an intraday excessive of Rs 881.60, and an intraday low of Rs 849. Shares had been final up 3.11 p.c at Rs 878.05 on the NSE.


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