Metal stocks shine bright

Today, all is hunky dory on Dalal Street as the trade war escalating into something bigger has ebbed.

Yesterday, the US markets recorded a sharp rebound, bouncing back with vigor as it became apparent that tariff threat and the tough talk on trade from China and Trump administration was more like a negotiating tactic. The growing consensus on Wall Street is that both sides would eventually reach a deal to avoid a trade war.

Thanks to this, today the metal stocks are rejoicing, leading the sharp jump back today. Jindal Steel, Hindalco, Tata Steel are among the top gainers. The entire BSE metal index is up in the green with all the ten stocks recording a jump.