Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%

The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand

Shares of metal companies were in focus on Monday with the Nifty Metal and the S&P BSE Metal index moving up more than 1 per cent on the bourses, in an otherwise subdued market, as reopening of the Chinese economy brightened the outlook of global growth and commodity demand.

At 01:20 PM, the Nifty Metal and the S&P BSE Metal index were up 1.04 per cent and 1.9 per cent, respectively. In comparison, Nifty 50 and the S&P BSE Sensex were down 0.14 per cent and 0.15 per cent, respectively.

Individually, Hindalco Industries, National Aluminium Company (Nalco), Hindustan