Aditya Kalra

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Metal stocks rally

By Aditya Kalra
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?

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  • About Aditya

    "As the Deputy Editor of the India Online team based out of New Delhi, I drive the content strategy for the Reuters India website. Tracking stock markets is my passion and I regularly write on business, economy and politics. I hold a CFA degree from the Institute of Chartered Financial Analysts of India (ICFAI). Follow me on Twitter @adityayk"
    Joined Reuters:
    July 2008

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