Why Are Metal Stocks Rising?

Published on: September 24, 2024 - The Nifty Metal Index jumped 3%, with all 15 of its constituents closing in the green. Shares of Nalco led the pack, rising by over 6.5%. Tata Steel, Hindalco, Welspun Corp, and NMDC also posted impressive gains of over 4%. Now, what’s behind this rally? Well, it’s all thanks to a series of economic measures rolled out by China, aimed at breathing life back into its economy.