Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%

Shares of metal companies were in focus in Monday's session as the Nifty Metal index rose 4 per cent to hit a record high of 6,246.65 in intra-day trade on Monday on rising base metal prices amid higher demand expectations. The Nifty Metal index surpassed its previous high of 6,079.55 on October 14, 2021.

At 09:57 am, Nifty Metal index, the top gainer among sectoral indices, was up 2.8 per cent, as compared to a 0.66 per cent rise in the Nifty50 index. Among individual stocks, Hindustan Zinc, National Aluminium Company, Hindustan Copper, Vedanta and Hindalco gained up to 18 per