New Delhi, Dec. 4 -- Hindustan Copper, Vedanta, SAIL and Adani Enterprises were among the Nifty Metal constituents that saw renewed buying in intraday trade on Thursday, December 04, following a solid overnight rally in base metal prices.
The rally was driven by a weaker U.S. Dollar Index, which makes commodities priced in dollars cheaper for global buyers, after U.S. payroll data reinforced expectations that the Federal Reserve may cut interest rates at its final policy meeting of the year.
The U.S. Dollar Index, which measures the greenback's strength against a basket of six major currencies, closed 0.49% lower in the previous session at 98.86, marking its ninth consecutive session of losses and the lowest level since October 29.
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