Nine shares of metal & mining companies rose by 0.1% to 1.47% at 11:00 IST on BSE after the data showed that China's flash HSBC PMI index rose to 50.1 in February 2015 compared with a final reading of 49.7 in January 2015.
Meanwhile, the S&P BSE Sensex was up 181.22 points or 0.62% at 29,184.25.
Among metal & mining stocks, Sesa Sterlite (up 0.85%), Hindalco Industries (up 0.26%), Jindal Steel & Power (up 1.4%), Hindustan Zinc (up 1.4%), Bhushan Steel (up 1.47%), Tata Steel (up 0.31%), Steel Authority of India (Sail) (up 0.14%), National Aluminum Company (up 0.1%) and Hindustan Copper (up 1.24%) gained. JSW Steel (down 0.6%) and NMDC (down 0.07%) declined.
The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 50.1 in February 2014 compared with a final reading of 49.7 in January 2015, HSBC Holdings PLC said today, 25 February 2015. A reading below 50 indicates a contraction in manufacturing activity from the previous month, whereas a reading above indicates expansion. HSBC will release its final PMI data on Monday, 2 March 2015.
China is the world's largest consumer of steel, copper and aluminum.
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