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Metal stocks rally as China stimulus signals lift commodity outlook
Metal stocks advanced on China-linked optimism and a weaker dollar, while TCS gained after delivering stronger-than-expected quarterly earnings.
Shares of metal producers gained sharply after renewed optimism around China’s fiscal stance improved global commodity sentiment. Hindustan Copper and Hind Zinc rose as much as 8 percent, supported by expectations of stronger demand and a softer US dollar. Technology stocks also saw buying interest, with TCS climbing around 4 percent after reporting quarterly earnings that exceeded market expectations.