Metal shares surge after China's rate cut

Posted By:
Subscribe to GoodReturns

Metal shares surge after China's rate cut
JSW Steel: Quotes, News
BSE 237.35BSE Quote2.85 (1.20%)
NSE 237.05NSE Quote2.45 (1.03%)
Hindalco Industries: Quotes, News
BSE 229.95BSE Quote0.3 (0.13%)
NSE 230.05NSE Quote0.25 (0.11%)
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.

Read more about: metal, shares
Story first published: Monday, November 24, 2014, 15:49 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'