Nifty Metal index ended up 2.02% at 3175.1 today. The index has lost 5.00% over last one month. Among the constituents, Hindustan Copper Ltd rose 6.24%, Jindal Steel & Power Ltd jumped 3.83% and MOIL Ltd added 3.00%. The Nifty Metal index has decreased 13.00% over last one year compared to the 5.37% spike in benchmark Nifty 50 index. In other indices, Nifty PSE index increased 1.53% and Nifty Energy index increased 1.51% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.77% to close at 10888.35 while the SENSEX increased 0.85% to close at 36270.07 today.

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  Nifty Future Tips

Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.

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