Metal shares extend rally; Nifty Metal index surges 18% in 2 months

Individually, Hindalco rose 6.2 per cent, Nalco (6 per cent), Adani Enterprises (3.4 per cent), and Welspun Corp (3 per cent)

Metal stocks were on roll on the National Stock Exchange (NSE) on Tuesday with National Aluminium Company, Hindalco, Welspun Corp, Adani Enterprises, and Tata Steel rallying up to 6 per cent. The Nifty Metal index, meanwhile, surged 4.6 per cent to 4,654.5 levels in the intra-day deals and was the top performing index on the NSE. In contrast, the benchmark Nifty was up 0.7 per cent at 11:40 AM. In the past two months, the index has rallied 19 per cent at the bourses as against a 0.03 per cent decline in the Nifty50 index.

Individually, Hindalco rose 6.2 per cent,