NMDC (up 1.88%), Jindal Steel & Power (up 1.84%), Hindustan Zinc (up 1.61%), JSW Steel (up 0.68%), Sail (up 0.68%), Sesa Goa (up 0.61%), Sterlite Industries (India) (up 0.41%), Tata Steel (up 0.33%) and Bhushan Steel (up 0.06%), edged higher.
The BSE Metal index was up 0.38% at 10,370.22. It outperformed the Sensex, which was down 0.14% at 19,202.90.
The BSE Metal index had underperformed the market over the past one month till 13 December 2012, rising 2.43% compared with the Sensex's 3.28% rise. The index had also underperformed the market in past one quarter, rising 3.86% as against Sensex's 6.70% rise.
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Growth in China's vast manufacturing sector picked up in December, a preliminary private survey showed, with rises in areas such as new orders and employment underlining a brighter outlook for the economy in coming months. The HSBC flash purchasing managers' index for December rose to 50.9, a 14-month high and the fifth straight monthly gain. A figure above 50 indicates that growth is accelerating, while one below 50 shows slowing growth. China is the world's largest consumer of copper and aluminum.
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