Bengaluru, March 10 -- On a Year to Date basis, the Nifty Metal Index has outperformed the Nifty 50 index, the Nifty Metal has given a return of 2.20 percent and the Nifty 50 has given a negative return of 5 percent.

Top 3 Constituents of Nifty Metal have also given outperforming returns on a Year-to-date basis, Tata Steel gave a return of 12 percent, Hindalco Industries with 18 percent, and JSW Steel with 13 percent.

Why Metal Stocks are Outperforming?

China, being the leading exporter and consumer of Steel in the world, has decided on an Output Cut that is estimated to be around 50 million tons. The output cut is being done by China to meet their emission targets set by them, sluggish demand for steel in their country, over capacity,...