/ Metals Gain In The First Half Hour Hindalco Is In The Limelight ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 10 January 2017


Nifty 50 today opened at 8262.70, gaining 0.32%. Investors are keen to see that whether Nifty 50 crosses 8300 level, that has not been reached in this new year. Auto, Metal and Realty sectors have outperformed the Nifty in first half hour of Tuesday's trade.

Nifty Auto opened at 9542.6, gaining 0.49%. Nifty Metal opened at 2799.9, gaining 0.22%. Nifty Realty opened at 179.7, gaining 0.25%. Nifty Bank, FMCG, IT, Media, Pharma, PSU banks and Private Banks' indices have underperformed the Nifty in the first half hour of Tuesday's trade.

Nifty IT gained 0.33% at the time of opening but then started declining, and currently it is trading at 10200.90. Hindalco from Metal Sector is the star performer in the first half hour. It gained 0.72% at the time of opening and it is currently trading above 2.28%.

Nifty Metal is in the limelight today, currently trading above 1.18%, the highest in the sectoral indices. Hindalco Industries Ltd is currently trading at Rs 161.5, up by Rs 3.55 or 2.25% from its previous closing of Rs 157.95 on the BSE.

The scrip opened at Rs 158.95 and has touched a high and low of Rs 161.75 and Rs 158.5 respectively. So far 2535862(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 32634.76 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 184.75 on 25-Nov-2016 and a 52-week low of Rs 58.85 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 163.7 and Rs 157.15 respectively.

The promoters holding in the company stood at 37.69 % while Institutions and Non-Institutions held 41.15 % and 21.16 % respectively. The stock is currently trading below its 50 DMA.
 
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