Quick Wrap: Nifty Metal Index rises 2.37%

Nifty Metal index closed up 2.37% at 3044.15 today. The index is up 7.00% over last one month. Among the constituents, Jindal Steel & Power Ltd gained 8.94%, Steel Authority of India Ltd added 6.02% and National Aluminium Company Ltd jumped 4.52%. The Nifty Metal index is down 13.00% over last one year compared to the 14.93% surge in benchmark Nifty 50 index. In other indices, Nifty Commodities index added 1.93% and Nifty Pharma index gained 1.60% on the day. In broad markets, the Nifty 50 recorded a gain of 0.47% to close at 11623.9 while the SENSEX added 0.33% to close at 38672.91 today.

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