 "Are metal stocks bottoming out as China pushes for a stimulus package?")
After two straight days of gains, investors booked profit in metal stocks on Friday. At 11:40 AM, the Nifty Metal index was down 0.44 per cent as against a 0.34 per cent gain in the Nifty50 index.
Individual stocks, however, were mixed. Hindustan Zinc, Hindalco, APL Apollo Tubes, and Nalco were ruling up to 2 per cent higher, while Tata Steel, Jindal Steel, SAIL, and JSW Steel declined up to 1 per cent.
Individual stocks, however, were mixed. Hindustan Zinc, Hindalco, APL Apollo Tubes, and Nalco were ruling up to 2 per cent higher, while Tata Steel, Jindal Steel, SAIL, and JSW Steel declined up to 1 per cent.
Including Friday's intra-day gains, the Nifty Metal index has surged over 5 per cent in three days amid reports that China was weighing $220 billion fiscal
