Thursday, September 10, 2015

METAL STOCKS RALLY ON IMPORT RESTRICTIONS

Metal stocks rallied yesterday on the restrictions imposed by DG. The Directorate General (DG) of Safeguards attached to the finance ministry has recommended a provisional 20% safeguard duty for a period of 200 days on the common variety of hot rolled coil.

Tata Steel, Hindalco, Vedanta and NMDC rallied between 4 to 8 percent. 

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