Metal index hits 34-month high; Hindalco, Vedanta at 52-week high

Hindalco, Jindal Steel & Power, JSW Steel and Vedanta from the metal index were up 1% to 5%

Shares of metal companies were in focus with most of the frontline stocks trading higher by up to 5% after a strong rally in global commodity prices, mainly in metals.

The S&P BSE Metal index (up 1.71%), and Nifty Metal index (up 1.65) were the top sectoral gainers on BSE and NSE, rising nearly 2%. On comparison, the S&P BSE Sensex and Nifty 50 index, up 0.3% at 10:52 am.

Hindalco Industries, Jindal Steel & Power, JSW Steel and Vedanta from the metal index were up in the range of 1% to 5%, trading at 52-week highs.