Metal stocks rallied for the second straight day, gaining momentum from China’s stimulus package, which has improved market sentiment for the metal sector. Several major stocks, including SAIL, NMDC, Tata Steel, and Hindalco, experienced a rise in their share prices.
Key Metal Stock Performances
- NMDC: Shares surged over 4%, trading at ₹245.00.
- SAIL: Up by 1.71%.
- Tata Steel: Gained 1.47%, trading at ₹169.00.
- Hindalco Industries: Rose 1.79%, currently at ₹760.50.
- Manaksia Coated Metals & Industries: Up by 4%, trading at ₹69.00.
Additionally, Vedanta and NALCO joined the list of gainers:
- Vedanta: 0.33% higher, trading at ₹514.70.
- NALCO: 0.32% higher, trading at ₹207.70.
The boost in metal stocks is being attributed to positive developments in China’s economic policies, which are expected to increase demand for metals and positively impact the global metal market.
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