Metal shares rally; Tata Steel, Hindalco, Vedanta up 5%

Nifty Metal and S&P BSE Metal index were up 3.6% against 0.7% rise in the Nifty 50 and Sensex.

Shares of metal companies were in focus with the Nifty Metal index gaining nearly 4% after a strong rally in Tata Steel, Hindalco Industries and Vedanta.

At 12:57 pm; Nifty Metal index and S&P BSE Metal index, the largest gainers among sectoral indices, were up 3.6% as compared to 0.7% rise in the Nifty 50 and Sensex.

Tata Steel, Hindalco Industries and Vedanta were up 5%, while Steel Authority of India (SAIL), Hindustan Zinc, JSW Steel and Jindal Steel and Power were up in the range of 2% to 4% on the NSE.

Tata Steel rallied 6%