Metal shares surge after China's rate cut

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Metal shares surge after China's rate cut
JSW Steel: Quotes, News
BSE 186.70BSE Quote2.6 (1.39%)
NSE 186.70NSE Quote2.65 (1.42%)
Hindalco Industries: Quotes, News
BSE 170.95BSE Quote1.7 (0.99%)
NSE 171.05NSE Quote1.55 (0.91%)
Shares of the metal companies surged on Monday after china's surprise rate cuts on Friday, after two years on fears economic growth.

Hindalco Industries Ltd was up 3.5% to Rs.165.55, Jindal Steel and Power Ltd rose 4.3% to Rs.149, Steel Authority of India Ltd (SAIL) was up3.69 % to Rs.87, Tata Steel Ltd climbed 3.05 % to Rs.476.80, JSW Steel Ltd 2.4% to Rs.1,217 at 3.30 pm IST.

The Sensex and the Nifty ended the day at another record high after buying support was seen in metal stocks after China unexpectedly cut interest rates.

Mid cap stocks also had a good trading session with stocks like JSW Energy and among top gainers.

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