Nifty up at 10795, Metal Stock Rise, Nifty Tips

Stock Markets continue to rise higher with nifty trading near day's high in the afternoon hours of trade, Thursday.  Benchmark NSE Nifty50 index was up 110 points at 10,795-mark, while the BSE Sensex was up 375 points at 35,554.50. Yesterday, the Central Bank announced a rate hike, increasing the repo rate by 25 base points that has lead to a rise in today’s trade.

Most metal stocks including SAIL, Jindal Steel & Power and Hindustan Copper were trading in the positive zone, among other metal stocks, during early afternoon trade on Thursday with Nifty Metal index rose 2.07 percent up at up at 3,694.35 around 2:00 pm. 

Shares of Sail India (up 5.24%), Jindal Steel (up 3.96%), Vedanta (up 3.79%), Tata Steel (up 3.13%), JSW Steel (up 2.26%) and Welspun Corp  (up 1.78%) were also among the top gainers in the metal pack. 

Vedanta, Tata Steel and Axis Bank were leading the pack of Nifty gainers, while Coal India, Bajaj Auto, Eicher Motors were among the top losers in the Nifty index.
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