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Are metal stocks bottoming out as China pushes for a stimulus package?

Until major hurdles are not conquered by Metal index, the turnaround scenario may fade sooner

Topics
Tata Steel | Steel Authority of India | Nifty Metal index

Avdhut Bagkar  |  Mumbai 



Are metal stocks bottoming out as China pushes for a stimulus package?

After two straight days of gains, investors booked profit in metal stocks on Friday. At 11:40 AM, the was down 0.44 per cent as against a 0.34 per cent gain in the Nifty50 index.

Individual stocks, however, were mixed. Hindustan Zinc, Hindalco, APL Apollo Tubes, and Nalco were ruling up to 2 per cent higher, while Tata Steel, Jindal Steel, SAIL, and JSW Steel declined up to 1 per cent.

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First Published: Fri, July 08 2022. 12:00 IST

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