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Metal stocks outperform as Nifty Metal index hits record high
Metal stocks led market gains as the Nifty Metal index reached record highs on demand optimism and firm commodity prices.
The Nifty Metal index surged to a fresh record high, driven by strong gains across steel and non-ferrous metal stocks. The rally to improving global demand prospects, firm commodity prices, and expectations of infrastructure led consumption. Investors rotated into metal stocks amid relative valuation comfort compared to other sectors. Despite strong momentum, experts advise tracking global growth cues and raw material costs for rally sustainability.