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Metal stocks post decent gains


The BSE Metals index gained 1.9 percent on Thursday, with stocks like Hindalco and JSW Steel posting top gains.

Hindalco shares closed 4.8 percent higher at 222.35 rupees, JSW Steel gained 3.5 percent. Jindal Steel and Power ended down 1.8 percent as the top sectoral loser.

Traders said on Thursday the BSE index, among the best performers in emerging markets this year, was likely to stabilise after a bout of profit-taking.

Do you think metal counters would perform well going ahead?