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Metal stocks rally up to 7% as China announces measures to boost economy

The New Indian Express

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September 25, 2024

METAL company shares rallied as much as 7% on Tuesday after China's central bank announced a slew of measures to boost its ailing economy, especially the highly impacted property market which has caused immense pain to steel and metal companies worldwide.

The world's second-largest economy is expected to lower outstanding mortgage rate and reduce down payment required for buying a second home. Shares of National Aluminium Company (NALCO) surged 6.64% on Tuesday to 192.2 while heavyweights Tata Steel and Hindalco closed the session with a gain of over 4% each.

The New Indian Express'den DAHA FAZLA HİKAYE

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12,931 temples renovated at cost of ₹8K cr in 5 years

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The New Indian Express Chennai

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US must treat all countries equally: Lula

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2 dead, 1 hurt after bikes collide near Malakandai

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The New Indian Express

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AI, Me, Therapist

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The New Indian Express

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The Manifolds of Melasma Recurrence

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The New Indian Express

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AI in Education: Bridging Technophilia and Technophobia

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