Metal and mining stocks' weight touches two-year high on Nifty50

Market cap of top 10 firms has risen 33% since January

Metal and mining companies such as JSW Steel, Tata Steel, Hind­alco, and Coal India have continued to surprise equity investors with one of the strongest rallies in their share prices in many years.

On Tuesday, the BSE Metal index, which tracks the market capitalisation of the top 10 metal and mining companies, was up 3.5 per cent, against a 1.4 per cent rally in the benchmark indices.

The combined market capitalisation of these companies has risen around 11 per cent so far in April, against a 2 per cent decline in the benchmark BSE Sensex and 1.3 per cent decline in Nifty50.