Metal Stocks Surges In Line With The Major Indices

Metal stocks have been shining on the bourses in the Wednesday’s trading session. The BSE Metal index is trading higher by 193 points at 11392 level.

Hindalco Industries Limited is the star performer among the metal stocks. The stock is the top gainer in the Nifty, Sensex and BSE Metal index. The stock is contributing the most to the BSE Metal index. The stock is trading higher by 2.7% at Rs 196.85 per share on BSE as of 1007 hours.

The metal stocks are seen to be released from the tensions of falling metal prices in the global markets. The China had recently cut its Aluminium output by around 30%. As per the market experts, the metal stocks which are the part of a bunch of Nifty and Sensex stocks generally do not impact heavily on the movement of major indices except Hindalco and Tata Steel.

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