Metal stocks gain; Tata Steel, Hindalco up 4%, Jindal Steel climbs 5%

Investor sentiment perked up after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year

Shares of metal companies were in focus on Monday with the Nifty Metal index gaining over 2 per cent on renewed hopes of positive developments in US-China trade talks.

Jindal Steel & Power (JSPL) and Hindalco Industries were up 5 per cent and 4 per cent, respectively. Tata Steel, JSW Steel, Vedanta, Steel Authority of India (SAIL) and NMDC were up in the range of 2 per cent to 3 per cent on the National Stock Exchange (NSE).

At 11:07 am, Nifty Metal Index, the largest gainer among sectoral indices, was up 2.6 per cent, as compared to