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Metal stocks rally
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?