Metal stocks rise on increase in steel prices
Updated : December 03, 2020 11:49 AM IST
The metal index rallied over 2 percent with all its constituents in the green. In comparison, the Nifty50 index was up around 0.2 percent.
Morgan Stanley said that it sees a potential further hike in prices in December.
Price hikes, even if sustained for a few months, could drive earnings upgrades, added the brokerage.