Ten metal shares rose by 0.21% to 2.86% at 10:06 IST on BSE as LMEX, a gauge of six metals traded on the London Metal Exchange, gained 1.19% on 7 August 2012.
Hindalco Industries (up 2.86%), Jindal Steel & Power (up 2.47%), Sail (up 1.84%), Sterlite Industries (up 1.63%), Tata Steel (up 1.55%), Sesa Goa (up 1.34%), NMDC (up 1.28%), JSW Steel (up 0.9%), Bhushan Steel (up 0.45%) and Hindustan Zinc (up 0.21%), edged higher.
The BSE Metal index was up 1.52% at 10,518.94. It outperformed the Sensex, which was up 0.21% at 17,638.67.
The BSE Metal index had underperformed the market over the past one month until 7 August 2012, falling 5.82% compared with the Sensex's 0.46% rise. The index had also underperformed the market in past one quarter, falling 3.42% as against 4.07% rise in the Sensex.
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