ETMarkets After Hours: Melting aluminium hurts markets; Jio touch lifts RIL


ETMarkets After Hours: Melting aluminium hurts markets; Jio touch lifts RIL

The domestic equity market ended at over two-month high on Tuesday, driven by solid buying in heavyweight stocks such as Reliance Industries (RIL), HDFC and ICICI Bank.

The S&P BSE Sensex gained 166 points to settle at 34,616, while the broader the Nifty50 index of the National Stock Exchange (NSE) shut shop with 29.65 points gain at 10,614.

Here’s a look at the top movers and shakers of the session:

Aluminium stocks melt
Aluminium makers Nalco and Hindalco plunged up to 10 per cent, in line with the steep fall in the metal prices in global markets. Aluminium hit its lowest in nearly two weeks, extending declines from the previous day after Washington gave US companies more time to comply with sanctions on Russian producer Rusal and hinted at further sanctions relief. At close, Hindalco shares stood at Rs 236 apiece on BSE, down 7.41 per cent, while of Nalco plunged 7.54 per cent to Rs 78.50. Read More

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