Metals stocks rally: Finpire bullish on Tata Steel, Hindalco

Indian metal stocks surged on Tuesday, buoyed by renewed global sentiment following a surprise rate cut by China's central bank. According to Finpire, the Nifty Metal Index retested a significant resistance zone between 9,280 and 9,300. A breakout could lead a rally till 10,200 on Metal Index. They also see signs of bullish momentum in Tata Steel and Hindalco.