The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25
A prolonged Covid-19 outbreak would reduce demand for the metals while disruptions in the supply chains would impact the availability of the metals in the physical markets," ICRA said.
Nifty Metal index, the largest gainer among sectoral indices, was up 1.4% at 3,998 points, rallied 13% from its recent low of 3,531 on December 6, 2017.