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Tata Steel, JSW Steel: Metal stocks poised for further upside, charts show

Topics metals | Buzzing stocks | Markets

Shares of most metal companies were trading in the green in the afternoon deals on Monday. In the past month, the Nifty Metal index has risen 13.5 per cent (as of Friday's close) as compared to around 8 per cent gain in the benchmark Nifty50 index, exchange data show.  According to a Business Standard report, with stimulus packages being announced across the globe amid the Covid-19 pandemic, base metals are seen benefiting from the same. Copper, zinc, and nickel have been rallying for the last 8 months as a broad-based weakening of the dollar made commodities cheaper for h.....

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