Gainers and the broader market
At 11:19 a.m., the Nifty 50 was up 0.38% at 23,022.90.
The largest advance among the tracked stocks put Vedanta Oil and Gas at ₹31.92. Other gains were smaller: SAIL reached ₹162.21, up 0.75%, while Vedanta was at ₹235.70 after a 0.49% rise.
JSW Steel gained 0.28%, taking its price to ₹1,258.90. CMR Green Technologies traded at ₹199.21, up 0.13%, and Hindalco edged up 0.10% to ₹887.20.
Declines across the sector
Welspun Corp's 4.29% drop left it at ₹2,391.80. Maithan Alloys followed with a 3.15% loss to ₹770, while NALCO was down 2.38% at ₹315.80 and Hindustan Zinc lost 1.99% to ₹506.20.
Coal India and MOIL also traded lower, at ₹386.50 and ₹215, respectively, after declines of 1.68% and 1.62%. APL Apollo Tubes fell 0.82% to ₹2,177.
Tata Steel was at ₹168.23, a decline of 0.73%, while NMDC's 0.56% loss put it at ₹67.16.
Welspun's recent US pipeline order
Welspun Corp had announced an order on October 23, 2026, for its US subsidiary, Welspun Tubular LLC. According to HDFC SKY, the contract is worth approximately ₹5,500 crore, or about $580 million, and covers coated line pipes for a natural gas pipeline in the US Permian region.
The pipeline will serve a data center complex operated by a leading global hyperscaler. The contract brought Welspun Corp's global order book to a record of about $5.25 billion, or around ₹50,000 crore.
The pipes are scheduled to be supplied from the company's US manufacturing facility during FY29.
Market data note
This report uses the supplied market data and is intended for information, not investment advice. Quoted prices may change during the trading session.
