Nifty Metal Index jumps 25% in Nov on domestic rally, demand from China

Topics Metal stocks | Nifty | Markets

Metal companies have posted one of their best-ever monthly performances. The Nifty Metal index jumped 25 per cent in November, while the Nifty gained 11.4 per cent. Steel majors Steel Authority of India (SAIL) and Tata Steel each jumped more than 40 per cent this month. We look at the key reasons for metal stocks being on investors’ radar. The biggest driver has been the rally in steel prices in the domestic market. Rally in the metal The gain in share prices has been supported by the rally in commodity prices. “Steel prices in India have rallied by Rs 4,000-5,000 per t.....

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