Metal stocks, Sept. 11 -- The Nifty Metal index closed in the green for the fifth straight day on Thursday, September 11, gaining nearly 2% and rising to its highest level in nearly 11 months. During this period, index stocks have also gained up to 6%, with Adani Enterprises among the top leaders. Meanwhile, others like NMDC, Nalco and SAIL have jumped over 3%. Tata Steel, JSW Steel, Welspun Corp and Hindustan Copper have risen between 2-2.7%.

With the current rally underway in the metal pack, the index remains on course to snap its two-month losing run during which it lost over 4%. So far in September, the Nifty Metal index has jumped 7%.

The rally is led by multiple factors, ranging from China's production cuts, India's proposed exten...