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Metal stocks rally

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It was a good day at the bourses for metal stocks, with the BSE Metal Index gaining 4.2 percent in a broader market that jumped over 400 points.

All stocks in the metal index closed in the green, with Gujarat NRE Coke and Sesa Goa leading the pack with gains of over 7 percent each.

Sterlite Industries and Tata Steel added 6.5 and 4.2 percent respectively.

The metal index has gained over 12 percent this month, outperforming the return of the Sensex which has gained only 6 percent in the period.

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Sensex bounces back, ends 461 pts higher

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INDIASensex gained 461 points on Tuesday to close well above the 15,000 mark as long-term investors saw an opportunity to enter the market after the previous day’s fall.

The benchmark index managed to recover all of Monday’s losses.

Satyam remained in focus after it posted a consolidated net profit of 1.6 billion rupees in the December quarter. Its shares jumped on this news and hit an upper circuit of 10 percent.

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