Metal shares surge after China's rate cut

rates-up
JSW Steel: Quotes, News
BSE 1135.00BSE Quote5.3 (-0.47%)
NSE 1141.30NSE Quote0.9 (-0.08%)
Hindalco Industries: Quotes, News
BSE 917.20BSE Quote12.6 (-1.37%)
NSE 916.25NSE Quote11.65 (-1.27%)
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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