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Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,465/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 100.49 USD ₹ 93.86
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,465/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 100.49 USD ₹ 93.86
Home Personal finance Investment
Metal Stocks Rally as China Rate Cut Boosts Sentiments
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Metal stocks on the exchanges rallied after China last week cut interest rates. Hindalco was trading higher by 4 per cent, while Jindal Steel jumped almost 5 per cent and Tata Steel was up 3 per cent. Sesa Sterlite also gained ground in trade.

metal-stocks
Hindalco Industries: Quotes, News
BSE 867.60BSE Quote13.05 (-1.50%)
NSE 868.65NSE Quote14 (-1.61%)
Tata Steel: Quotes, News
BSE 196.65BSE Quote5.75 (-2.92%)
NSE 196.65NSE Quote5.86 (-2.98%)
China late last week unexpectedly cut interest rates, which pushed stocks and commodity higher. Metal stocks tend to react to data and decision from China, which is a major consumer of commodities.

Analysts say the rally in metal stocks may continue for some more time as investors digest news of the cut in interest rates.

GoodReturns.in

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Story first published: Monday, November 24, 2014, 12:30 [IST]
See More On: hindalco, tata steel
Other articles published on Nov 24, 2014

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