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Metal companies gain on optimism ahead of China GDP

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Reuters
Last Updated : Jul 14 2014 | 2:38 PM IST

Reuters Market Eye - Shares in metal refiners rise with Hindalco Industries gaining over 4 percent on optimism ahead of China GDP data due on Wednesday, several traders say.

China's economy probably steadied in the second quarter with annual growth holding firm at 7.4 percent, a Reuters poll showed.

Tata Steel Ltd is up 2.2 percent, Jindal Steel and Power Ltd gains 0.2 percent and JSW Steel Ltd is up 0.8 percent.

(Reporting by Indulal PM)

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First Published: Jul 14 2014 | 2:20 PM IST

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