Prices of base metals such as aluminum, copper and lead rose overnight on the London Metal Exchange following further production cuts in China.
Shares of metal and mining companies rose tracking gains in global base metal prices overnight. The Nifty Metal Index was up over 1% at 3,926.05 points.
Prices of base metals such as aluminum, copper and lead rose overnight on the London Metal Exchange following further production cuts in China.
Shares of Hindustan Copper, Hindalco Industries, National Aluminium Co, JSW Steel, Jindal Steel & Power, Vedanta, Tata Steel, Steel Authority of India and MOIL were up 1.2-7.1%.
Hindustan Copper Ltd is currently trading at Rs102.7, up by Rs6.5 or 6.76% from its previous closing of Rs96.2 on the BSE. The scrip opened at Rs97.4 and has touched a high and low of Rs104.9 and Rs97.4, respectively.
Hindalco Industries Ltd is currently trading at Rs273.8, up by Rs8 or 3.01% from its previous closing of Rs 265.8 on the BSE. The scrip opened at Rs267.9 and has touched a high and low of Rs276.2 and Rs267.65, respectively.
JSW Steel Ltd is currently trading at Rs271.4, up by Rs5.8 or 2.18% from its previous closing of Rs265.6 on the BSE. The scrip opened at Rs266.9 and has touched a high and low of Rs273.7 and Rs266.3, respectively.
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