New Delhi, Sept. 8 -- Metal stocks witnessed strong buying interest on Monday, rallying up to 4% amid optimism over domestic steel price improvement, supportive global cues, and positive sentiment surrounding the recent GST rate cut.

Shares of Steel Authority of India Ltd (SAIL) shares climbed 4.17%, while JSW Steel and Lloyds Metals and Energy also advanced. Tata Steel share price rose nearly 3% to touch a fresh 52-week high. Other sectoral majors, including APL Apollo Tubes, and Jindal Steel & Power, contributed to the uptrend, pushing the Nifty Metal index higher by nearly 1.4%.

The rally gained momentum after global brokerage Morgan Stanley turned constructive on Indian steelmakers, citing demand recovery, benefits from China's stee...