Hindalco Industries (up 2.07%), Jindal Steel & Power (up 1.83%), Tata Steel (up 1.55%), Sterlite Industries (India) (up 1.37%), JSW Steel (up 1.17%), NMDC (up 1.03%), Sesa Goa (up 0.95%), Hindustan Zinc (up 0.70%) and Sail (up 0.50%), edged higher.
The BSE Metal index was up 1.42% at 11,227.66. It outperformed the Sensex, which was up 0.78% at 19,578.33.
The BSE Metal index rose 0.27% to 11,070.63 on Monday, 31 December 2012. The BSE Metal index had outperformed the market over the past one month till 31 December 2012, rising 6.91% compared with the Sensex's 0.45% rise. The index had also outperformed the market in past one quarter, rising 5.15% as against Sensex's 3.54% rise.
China's official monthly manufacturing survey, released Tuesday, showed conditions in December unchanged from the month before, even as a privately compiled version of the survey showed improvement.
The government-sponsored manufacturing Purchasing Managers' Index sat unchanged at 50.6 in December, according to the China Federation of Logistics & Purchasing.
While the result was still above the 50 mark that divides expansion from contraction, the lack of improvement contrasted with HSBC's own China manufacturing PMI, out Monday (31 December 2012), which jumped to 51.5 from November's 50.5.
China is the world's largest consumer of copper and aluminum.
Powered by Capital Market - Live News
