Hindalco, SAIL and Tata Steel rebound as Rajya Sabha passes MMDR Bill.
Metal stocks have recouped losses, with some bouncing back into the positive zone, in the last few minutes of trade following passage of the MMDR (Mines and Minerals Development and Regulation) Bill in the Rajya Sabha.
The CNX Metal index which had dropped a per cent at the day's low of 2,367, has now rebounded into the positive zone and is up 0.4 per cent at 2,399.
Orissa Mines is the major gainer, up 5.3 per cent at Rs. 80.20. Bhushan Steel has gained 2 per cent at Rs. 80.20.
Coal India has advanced over a per cent to Rs. 370. Hindalco, SAIL and Tata Steel are the other notable gainers.
On the flip side, Jindal Saw is the major loser, down over 4 per cent at Rs. 62.40.
Meanwhile, the NSE Nifty is down 42 points at 8,593
The CNX Metal index which had dropped a per cent at the day's low of 2,367, has now rebounded into the positive zone and is up 0.4 per cent at 2,399.
Orissa Mines is the major gainer, up 5.3 per cent at Rs. 80.20. Bhushan Steel has gained 2 per cent at Rs. 80.20.
Coal India has advanced over a per cent to Rs. 370. Hindalco, SAIL and Tata Steel are the other notable gainers.
On the flip side, Jindal Saw is the major loser, down over 4 per cent at Rs. 62.40.
Meanwhile, the NSE Nifty is down 42 points at 8,593
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