Hindalco, Tata Steel and other metal stocks rally up to 4%. Here's why
- Posted on September 25, 2024
- By Business News Today
- 3 Views
Hindalco, Tata Steel and other metal stocks rally up to 4%. Here's why
Metal stocks like Vedanta, NALCO, and Tata Steel rose up to 4% as China's central bank announced economic stimulus measures. The People's Bank of China plans to lower borrowing costs and increase liquidity, leading analysts to be cautiously optimistic about a short-term rebound in metal prices.
