Hindalco, NALCO and Vedanta jump up to 5% as aluminium prices top $2,850

Shares of India's copper and aluminium makers such as National Aluminium Company (NALCO), Hindalco Industries, and Vedanta surged by up to 5.3% during Frididay's intraday trade, Octoeber 24, in an otherwise subdued market, as the continued rally in global aluminium prices brought these counters into the spotlight. The companies are seen as key beneficiaries of the rise in base metal prices. NALCO led the charge, with its stock climbing 5.3% to ₹240, while Hindalco Industries jumped 4.3% to an all-time high of ₹826, and Vedanta followed closely, rising 3.7% to ₹501.