Hindalco surges; rival Alcoa earnings beat forecasts

Reuters Market Eye - Hindalco Industries jumps 4 percent. Global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices.

Augurs well for the company's unit Novelis Inc, investors say.

Novelis is the world's largest producer of rolled aluminium products.

(Reporting by Abhishek Vishnoi)