A maturing market amid the mayhem
Metal index shines in a strong market
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.
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