Quick Wrap: Nifty Metal Index gains 2.40%

Nifty Metal index closed up 2.40% at 13302.35 today. The index has slipped 1.00% over last one month. Among the constituents, Steel Authority of India Ltd added 6.57%, National Aluminium Company Ltd jumped 3.19% and Hindalco Industries Ltd rose 3.17%. The Nifty Metal index has soared 31.00% over last one year compared to the 6.84% slide in benchmark Nifty 50 index. In other indices, Nifty FMCG index gained 1.32% and Nifty PSU Bank index increased 1.14% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.50% to close at 23446.8 while the SENSEX recorded a gain of 0.40% to close at 74828.25 today.