Aditya Kalra

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Metal stocks rally

September 6, 2010

The BSE Metals Index gained 3.4 percent and ended as the top sectoral gainer, with firm metal prices in Shanghai and London pushing the metal makers higher.

Hindalco shares gained 4.8 percent on its chairman’s Friday comments that the company planned to spend $2.1 billion in the current financial year.

Other gainers included Sterlite Industries, which gained 3.7 percent, and Tata Steel which vaulted 6.6 percent to the top of the gainer’s list.

All stocks in the metals index closed in the green. Do you think metal stocks will extend gains tomorrow?

  • About Aditya

    "Aditya drives content strategy for the India edition. As deputy editor of the news desk, he jointly oversees the 10-member team in New Delhi that delivers real-time news to Reuters media clients, web audiences and social media networks. Aditya joined Reuters in July 2008 and is now closely involved in developing the website’s India Insight platform, where he writes and edits stories on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityayk"
    Joined Reuters:
    July 2008
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