Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

The 12 per cent safeguard duty proposal gave a gleam to metal stocks on Wednesday as some key scrips rallied up to 10 per cent in intraday deals on the National Stock Exchange (NSE).

 

Among individual stocks, Hindustan Zinc zoomed as much as 9.48 per cent to ₹477.80, followed by SAIL (up to 5.04 per cent at ₹114.40), APL Apollo (up 4.69 per cent at ₹1,500), NMDC (up 3.77 per cent at ₹69.19), Welspun Corp (up 3.45 per cent at ₹837.20), Hindustan Copper (up 3.05 per cent at ₹228.34), Tata Steel (2.93 per cent at ₹159.20), JSW Steel (up 2.84