Market Live: Sensex, Nifty Maintain Positive Momentum; Metals Gain

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ICICI Bank, Bharti Airtel, Hindalco and Vedanta are the top gainers, while Dr Reddy’s and Tata Motors lost the most.NMDC has taken a steep increase in prices of fines and lumps, taking prices to nearly three year highs. In an interview to CNBC-TV18, TRK Rao, Director-Commercial at NMDC spoke at length about the same.

Rao said we have hiked prices owing to strong demand from steel industry. We saw 16 percent growth in steel production this year.

He further said that prices of all end used products have gone up substantially in domestic industry.

Globally also there has been upsurge in hot rolled (HR) coil prices, he added.Benchmark indices continued to trade higher, with the Sensex holding 100-pt gain, while the Nifty was hovering around 10500.

the Sensex is up 117.96 points or 0.35% at 33930.22, and the Nifty up 46.30 points or 0.44% at 10488.50. The market breadth was positive as 1846 shares have advanced, against a decline of 598 shares, while 536 shares were unchanged.

ICICI Bank, Bharti Airtel, Hindalco and Vedanta are the top gainers, while Dr Reddy’s and Tata Motors lost the most.

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