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Nifty Metal Index Soars 31% Annually, Outperforming Nifty 50
18 Sep
Summary
- Nifty Metal index surged 31% over the past year.
- The index outperformed the benchmark Nifty 50's decline.
- Welspun Corp, APL Apollo Tubes, and Hindustan Zinc led gains.
The Nifty Metal index concluded trading today with a notable increase of 1.51%, reaching a closing value of 13052.6. This performance marks a substantial yearly gain, with the index having soared an impressive 31.00% over the past twelve months. This remarkable growth significantly outpaced the benchmark Nifty 50 index, which experienced a decline of 8.17% during the same period.
Several key constituents drove the Nifty Metal index's success. Welspun Corp Ltd recorded a substantial gain of 8.12%, followed by APL Apollo Tubes Ltd, which rose by 5.66%. Hindustan Zinc Ltd also contributed positively, with a gain of 4.14%. In the broader market context, the Nifty 50 index added 0.33% to close at 23346.4, while the SENSEX saw a slight decrease of 0.03%.
