Steel companies gain on strong China PMI data
Sep 23 2013
The flash HSBC Purchasing Managers' Index (PMI) for China climbed to 51.2 in September, from August's 50.1, with 10 out of 11 sub-indices up in the month. Dealers had looked for a reading of around 50.9.
Steel Authority of India Ltd (SAIL.NS) gains 2.3 percent, Tata Steel Ltd (TISC.NS) rises 1 percent and Jindal Steel and Power Ltd (JNSP.NS) is up 0.3 percent.