Metal and mining stocks gain on positive economic data in China

Ten metal & mining stocks rose by 0.04% to 3.75% at 14:35 IST on BSE after the latest data showed China's exports and imports rose faster than expected in September.

Meanwhile, the BSE Sensex was up 96.49 points, or 0.37% to 26,393.87.

The S&P BSE Metal index had underperformed the market over the past one month till 10 October 2014, falling 13.83% compared with 2.81% fall in the Sensex. The scrip had also performed the market in past one quarter, sliding 15.45 % as against Sensex's 3.64% rise.

Bhushan Steel (up 0.28%), Sesa Sterlite (up 0.58%), Hindalco Industries (up 1%), Hindustan Copper (up 0.26%), Hindustan Zinc (up 3.04%), JSW Steel (up 0.04%), Jindal Steel & Power (up 3.75%), Tata Steel (up 1.82%), Steel Authority of India (Sail) (up 1.97%), and NMDC (up 1.31%) gained.

China is the world's largest consumer of steel, copper and aluminum.

China's exports and imports rose faster than expected in September, data today, 13 October 2014, showed. Exports rose 15.3% in September from a year earlier, according to data from the General Administration of Customs. September's export growth exceeded August's 9.4% growth. Imports in September rose 7% from a year earlier, following a 2.4% decline in August. Increased imports saw China's trade surplus narrow in September to $31 billion from $49.8 billion in August. After the latest data, China's customs agency said it expects stronger exports and imports to continue in the fourth quarter.

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