Metal Stocks Surge Boosting Market Rally

Metal stocks were in focus with a significant rally on Wednesday, driven by Tata Steel surging nearly 6%, followed by impressive gains in other major companies. The sector's rise was supported by China's supply cuts and a weaker dollar, lifting the overall market indices distinctly upward.

Devdiscourse News Desk | New Delhi | Updated: 03-09-2025 17:26 IST | Created: 03-09-2025 17:26 IST

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Metal stocks took the spotlight in the equity market on Wednesday, propelling an overall rally with remarkable gains. Tata Steel surged nearly 6%, leading the impressive uptick among metal giants.

Other steel and metal companies followed suit with Jindal Steel up 5.49% and SAIL climbing 5.44%, pushing the BSE Metal Index up by 3.08% to a noteworthy 32,138.17. National Aluminium and Hindalco also recorded commendable gains.

Experts attribute this surge to China's supply restrictions coupled with a weakening US dollar, significantly boosting market sentiment and global pricing power.