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After the massive rally we saw yesterday, Nifty Metal Index is the worst performing sectoral index in today’s trading session. Thanks to the fear of rising covid-19 cases in China which has led to a decline in metal prices on Shanghai Metal Exchange. Nifty Metal Index hit record high in yesterday’s trading session after Jeferries released a very bullish note on the sector. They, after almost a year of cautious view, turned positive on India metals. They say metal prices appear to have bottomed out. Supportive Chinese coupled with Bullish view from Jeferries was why metal stocks were soaring yesterday. However, covid fears have again led to a decline in metal prices today.#metalmarket #niftymetal #metalspace
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