Nifty Metal index up 40% in 2016 so far, 5 stocks rise over
50%
The Indian equity market tips 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.
Free Nifty Future Tips: 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.
Source: www.moneycontrol.com
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