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Metal stocks climb 1.4% as supply bottlenecks ease while IT and FMCG slip
Metal index rose 1.
Indian equity markets witnessed strength in metal counters on November 11 with the Nifty Metal index rising 1.4 % amid easing global supply pressures and steady commodity prices. Steel and aluminium producers gained as Chinese inventory drawdowns and lower freight rates improved cost sentiment. Conversely, IT and FMCG indices shed around 0.5 % each following profit-booking after last week’s rally.
Broader indices traded mixed as investors rotated toward cyclical plays expected to benefit from infrastructure outlays and export recovery. Analysts anticipate continued sector leadership from resource-linked stocks through near-term earnings momentum.