Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Aluminium majors - Hindalco and National Aluminium (Nalco) jumped over 2 per cent each to a high of Rs 430.6 and Rs 81.65, respectively, in Friday's intra-day trades tracking gains in the base metals on the London Metal Exchange (LME).

Overnight, benchmark aluminium on the London Metal Exchange was up 1.6 per cent at $ 2,271 a tonne, while copper added 2.5 per cent to $ 7,811 by 1600 GMT on Thursday amid worries that stoppages due to high energy prices or other disruptions will spur shortages.

According to a Reuters report, Gianclaudio Torlizzi partner at consultancy T-Commodity in Milan said LME