Hindalco shares up by more than 4% as aluminium prices rise at London Metals Exchange

Indian equity markets have begun the day today, 24^th October, in red. At 9:50 a.m. IST, Nifty 50 index is down by 5.40 points or 0.021%. Sensex is down by 27.05 points or 0.032%.

Hindalco shares gaining

Top gainers at Nifty 50 at this time are Hindalco, Tata Steel, and Shriram Finance. Hindalco’s share is up by 4.18% at this time, trading at Rs 825.50. This, after aluminium prices at London Metals Exchange rose sharply. Aluminum prices are right now above the $2,850 per ton mark. Top 3 losers at Nifty 50 at this time are Hindustan Unilever, Cipla and Kotak Bank.

Nifty FMCG Index is the top loser at this time

Among broad market indices, Nifty Microcap 250 index and Nifty 100 indices are in red at this time. Among sectoral indices, Nifty FMCG index is the top loser at this time. It is down by 1.34%. This, because of the decline that HUL stock is seeing today. HUL’s share price is down by 3.73% at this time, trading at Rs 2,504.60. The company’s shares are seeing selling pressure today, after it posted its September quarter result, yesterday.  Nifty Metal index is the top gainer among sectoral indices at this time. It is up by 1.75%.

Market breadth is positive

Market breadth is positive at this time. At NSE, 1431 stocks are gaining. 1231 stocks are declining. 102 stocks are unchanged at this time. 43 stocks have touched 52-week high, by this time, at NSE. 12 stocks have touched 52-week low.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE