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Metal stocks shine

February 3, 2010

INDIA-STOCKS/

The BSE metal index rallied over 4 percent on Wednesday, with JSW Steel topping the index with gains of over 8 percent. The BSE Sensex jumped over 300 points to 16,496.

Sterlite Industries gained nearly 6 percent and Hindalco ended up 3.3 percent, buoyed by a rise in base metal prices. Tata Steel shares gained 4. 9 percent.

All stocks in the index, except Maharashtra Seamless, closed with decent gains.

The metal index has posted a near 8 percent fall since mid-January and stocks like Sterlite Industries and Tata Steel have dropped over 10 percent and 7 percent respectively.

Do you think these stocks will gain in the near future?

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