Equity indices in positive zone, metal stocks shine

Equity benchmark indices ticked up by over half per cent during early hours on July 09 following global cues and gains in metal scrips. At 10:15 am, the BSE S&P Sensex was up by 248 points or 0.68 per cent at 36,577 while the Nifty 50 edged higher by 67 points or 0.62 per cent at 10,773.Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green with Nifty metal up by 2.6 per cent, pharma by 0.9 per cent, private bank by 0.8 per cent and financial service by 0.7. Among stocks, Hindalco gained by 5.1 per cent to Rs 163 per share. Tata Steel moved up by 3 per cent, Vedanta and JSW Steel by 2.2 per cent each. Private lenders IndusInd Bank and Axis Bank were up by 1.5 per cent and 1.2 per cent respectively while home loan lender HDFC added gains of 2 per cent. Adani Ports, IndianOil Corporation and GAIL too traded in the positive terrain.