Metal shares gain; Vedanta up 5%

Shares of metal companies were in focus with the Nifty Metal index gaining more than 2% on the National Stock Exchange (NSE) as higher base metals prices in global commodities markets.

Vedanta, JSW Steel, MOIL, Hindalco Industries, Coal India, Jindal Steel & Power and Hindustan Zinc were up in the range of 2% to 5% on the National Stock Exchange (NSE).

At 02:35 PM; Nifty Metal index, the largest gainer among sectoral indices, was up 2.6% at 3,663 compared to 0.88% rise in Nifty 50 index.

LMEX, a gauge of six metals traded on the London Metal