Nifty Metal index up 40% in 2016 so far, 5 stocks rise over 50%

In the year to date so far Nifty Metal index has outperformed all other sectoral indices. The sector surged over 40 percent while Nifty 50 gained only 9 percent in the same period.
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Oct 17, 2016, 07.43 AM | Source: Moneycontrol.com

Nifty Metal index up 40% in 2016 so far, 5 stocks rise over 50%

In the year to date so far Nifty Metal index has outperformed all other sectoral indices. The sector surged over 40 percent while Nifty 50 gained only 9 percent in the same period.

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Nifty Metal index up 40% in 2016 so far, 5 stocks rise over 50%

In the year to date so far Nifty Metal index has outperformed all other sectoral indices. The sector surged over 40 percent while Nifty 50 gained only 9 percent in the same period.

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Moneycontrol Bureau

The Indian equity market has been witnessing high volatility in the last few weeks. On Thursday, Nifty slipped down its psychological strong support of 8600 and all sectoral indices closed in the red including this year's star performer -- Nifty Metal Index -- on the back of weak economic trade data from China. On Friday, Nifty still couldn't breach 8600.

In the year to date so far Nifty Metal index has outperformed all other sectoral indices. The sector surged over 40 percent while Nifty50 gained only 9 percent in the same period.

Within the sector the top five stocks have gained between 63 percent and 119 percent. Vedanta tops the list with an upmove of 140 percent.

Meanwhile, MCX Metal Index gained 17 percent in the same period. 
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Nifty Metal index up 40% in 2016 so far, 5 stocks rise over 50%

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