On Monday, the metal index was significantly up, buoyed by the favourable deals conducted by some steel majors.
Tata Steel sold its long products business, which includes the Scunthorpe steel plant, to Greybull Capital.
On the other hand, Vedanta informed that its Goan iron ore arm reported sales of 1.6 million tons (mt) during the January-March quarter of the last fiscal. As a result, share prices of the companies increased 2.76% and 3.2% respectively.
The S&P BSE metal index increased 133.01 points (1.78%) to close at 7,471.71 on April 11 from the previous closing of 7,467.36. The highs and lows on April 11 were 7,614.29 and 7,460.43 respectively.
Global markets such as CAC, DAX and FTSE and the Sensex remained strong and were trading nearly 1% up.
Sensex increased 348.32 points (1.41%) to close at 25,022.16
On April 11, most of the stock on the S&P BSE Metal closed in the green. The maximum gain was registered by HINDALCO, with the stock increasing 5.12% to close at Rs 92.35.
The maximum loss was registered by Hind Zinc, with the stock decreasing -0.60% to close at Rs 160.1.
Movement of S&P BSE Metal over the last one year:
Price movement of stocks on S&P BSE Metal on April 11:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
280.85 |
0.35 |
0.12 |
177395.1 |
Hind Zinc |
Metals - Non Ferrous |
160.1 |
-0.1 |
-0.06 |
67647.36 |
HINDALCO |
Aluminium |
92.35 |
4.5 |
5.12 |
19070.14 |
Jindal Steel |
Steel - Sponge Iron |
65.85 |
-0.8 |
-1.2 |
6024.64 |
JSW Steel |
Steel - Large |
1301.1 |
27.7 |
2.18 |
31450.46 |
NALCO |
Aluminium |
39.7 |
0.85 |
2.19 |
10231.64 |
NMDC |
Mining & Minerals |
102.65 |
0.7 |
0.69 |
40697.81 |
SAIL |
Steel - Large |
43.75 |
1.1 |
2.58 |
18071.05 |
Tata Steel |
Steel - Large |
331.15 |
8.9 |
2.76 |
32161.8 |
Vedanta |
Mining & Minerals |
90.25 |
2.8 |
3.2 |
26756.37 |