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?

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  • About Aditya

    "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
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    July 2008
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