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Akshay Patel

3rd Sep · SEBI-Registered Analyst

Metal sector

Metal shares jump sharply amid key demand and supply explanations.

TATASTEEL
led gains as the Nifty Metal index surged 3% due to rate cut hopes in the US, China's anti-involution drive, better-than-expected Chinese economic data, safeguard duty on steel imports, and improving China-India relations. Steel Authority of India Limited and Jindal Steel and Power rose 4%, while shares of other metal companies like Hindalco, NMDC, and Vedanta gained up to 2%. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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