Metal shares soar as LMEX at nears its four-month high

BSE 10 Feb 12 | 12:00 AM

475.00		23.9 (5.3%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 500470

Face Value: N.A.

NSE 10 Feb 12 | 12:00 AM

475.05		22.9 (5.06%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: TATASTEEL

Performance
1 Week	:	Rs	467.25	(1.66%)
1 Month	:	Rs	382.50	(24.18%)
1 Year	:	Rs	595.05	(-20.17%)

Metal shares soar as LMEX at nears its four-month high

SI Reporter / Mumbai 06 Sep 10 | 11:33 AM

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The shares of metal companies are trading firm today after LMEX – a gauge of six metals – surged 4% during the last week to 3,462 levels, closing in on its four-month high. The rub-ff effect is being felt on shares of Indian companies with the BSE Metal Index trading up 2%. It is the biggest gainer among sectoral indices.

Hindalco, Tata Steel, Sterlite Industries, Jindal Saw, Steel Authority of India, Hindustan Zinc, Welspun Corp, JSW Steel and Jindal Steel & Power are trading at 2%-4% higher on the BSE.

Among individual counters, Hindalco is the largest gainer, up nearly 4% at Rs 177 levels. The company plans to spend around Rs 21,000 crore on capital expenditure in next two financial years.