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Metal index shines in a strong market

December 23, 2009

The BSE Metal index gained over 4 percent on Wednesday and topped the sectoral indices as the benchmark stock index ended up over 500 points.

Shares in Hindalco rose 7.7 percent and Gujarat NRE Coke added nearly 6 percent to end as top gainers in the index. Sterlite Industries gained 5 percent.

All the metal index components ended with decent gains with stocks such as Hindalco and Sterlite also ending among top Sensex gainers.

The metal index has gained 5.3 percent this week, even higher than the benchmark Sensex’s return of 3 percent.

What is your view about this sector? Do you have a favourite here?

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