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Metals-led advance puts Hindalco and Vedanta among session’s top gainers
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Hindalco and Vedanta outperformed as metals rallied, with traders citing better commodity tone and cyclical risk rotation despite mixed broader market action.
Indian equities saw selective strength in metals, propelling Hindalco and Vedanta up to roughly 2 percent intraday. The move tracked firmer global base‐metal cues and steady domestic demand expectations. Traders pointed to improving risk appetite in cyclicals and supportive commodity prices aiding earnings visibility. While broader indices were mixed, momentum screens flagged accumulation in aluminum and diversified mining exposures. Portfolio managers highlighted sensitivity to dollar moves and China demand signals, but near-term positioning favored metals on risk rotation.