Tata Steel shares up by more than 3%, as markets see some early profit booking

Indian equity markets have started the day in red today, 3^rd October. But after the initial decline, markets have started recovering some of the early losses.  At 10 a.m. IST, Nifty 50 is down by 25.05 points or 0.10%. Sensex is down by 47.17 points or 0.056%. Markets may be seeing some early profit booking, after the sharp gains of Wednesday.

Tata Steel shares up by more than 3%

Top 3 gainers at Nifty 50 at this time are Tata Steel, Axis Bank and BEL. Top 3 losers are Max Health, Eicher Motors and Shriram Finance. Tata Steel’s share price is up by 3.52% at this time, trading at Rs 173.05. Government of Netherlands has agreed to provide Euro 2 billion in support to Tata Steel Nederland for replacing coal-based blast furnaces with cleaner energy furnaces at its Ijmuiden plant.

All the broad market indices in green

All the broad market indices are in green at this time. Nifty Microcap 250 index is the top gainer at this time. It is up by 0.74%. Among sectoral indices, Nifty Metal index is the top gainer at this time. It is up by 1.53%. Nifty Media Index is the top loser at this time. It is down by 0.74%. Some media stocks that gained on Wednesday are seeing profit booking today.

Market breadth is very positive

Market breadth is again sharply positive today. At NSE, 1902 stocks are gaining at this time. 788 stocks are declining at this time.

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

Source: NSE