The Nifty Metal index rallied 2.32% to 9,674.65 as metal stocks surged following the announcement that China’s PBOC will cut the reserve requirement ratio for banks by 50 bps, injecting liquidity into the economy and boosting demand for metals.
Among the top gainers, National Aluminium (NATIONALUM) rose 5.2% to ₹189.61 as of 10:11 AM, following the broader positive trend in metal stocks.
National Aluminium Stock Price Details:
- Open: ₹184.25
- High: ₹190.49
- Low: ₹183.50
- Previous Close: ₹180.24
The cut in the reserve ratio is expected to stimulate industrial activity in China, the largest consumer of metals, driving demand and positively impacting metal stocks like National Aluminium.
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