Commodity Online
MUMBAI: Markets opened positive with major steel stocks witnessed heavy buying in the initial trading hour on the Bombay Stock Exchange (BSE) today. The BSE metals index was up by over 5% to 6535 points leading the benchmark index Sensex at 10,550 points up by close to 2%.

Steel stocks including private sector majors like JSW Steel Ltd (BOM 500228) and Tata Steel witnessed a renewed buying interest of the investors. The stock price of JSW steel witnessed a rise of over 12% to Rs.342.30. Tata Steel Ltd was trading at Rs.239 up by over 6% from its previous close. Public sector steel major, Steel Authority of India Ltd (SAIL) rose by over 4% to Rs.111.75 during the morning trading session on the BSE.



With the start of new financial year, consumer durables also witnessed heavy buying on the bourses in the anticipation of fresh demand coming up from the masses. Leading consumer durable stocks like Titan Industries Ltd, which witnessed a rise of 3% to Rs.837 were trading high on the bourses. Blue Star Ltd was up by close to 5% to Rs.170, while Videocon Industries Ltd was trading at Rs.97.75 up by 5%. The consumer durables index was up by close to 4% at 1784 points.

Other top gainers among the commodity stocks included capital goods, oil & gas and real estate stocks. Sensex continued to trade above 10,000 mark for the second consecutive week.

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