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Metal stocks rose on China’s GDP data and on hopes of ECB bond-buying programme.
Jindal Steel and Power gained 3.1 per cent, JSW Steel jumped 2.6 per cent, Hindalco Industries rose 2.2 per cent, Tata Steel advanced 2.2 per cent and Sesa Sterlite was up 1.7 per cent.
China's economic growth remained steady at 7.3 per cent in the fourth quarter, slightly better than expected.
According to World Bank data, China currently consumes around half of world’s metals.
Also, investors bet ECB will unveil bond-buying package this week to fight deflation and revive growth.
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