Metal stocks show mettle; Index jumps over 3% led by SAIL, Tata, JSW Steel

Adani Enterprises, Vedanta, Hindustan Copper, Hindustan Zinc, NMDC, and Nalco were trading higher in the range of 0.2 per cent to 2 per cent

Metal stocks were seen flexing muscle on the bourses on Friday as a faster-than-expected growth in the December quarter (Q3) gross domestic product (GDP) boosted sentiment.

The Nifty Metal index rallied 3.4 per cent in the intraday trade to 8,199 as against 1.5 per cent rise in the benchmark Nifty50 index. At 1:25 PM, SAIL, was ruling nearly 7 per cent higher, followed by Welspunn Corp (up 5.4 per cent),  Tata Steel (5 per cent), JSW Steel (3.45 per cent), Ratnamani Metals (3 per cent), Hindalco (2.9 per cent), and Jindal Steel (2.8 per cent).

Adani Enterprises, Vedanta, Hindustan Copper,