India's Nifty Metal index CNXMETAL moves up by as much as 1.98 percent to a high of 10,263.65.
NIFTYMET likely to move up for the seventh successive session.
NMDC, Welspun Corporation, APL Apollo Tubes lead pct gains in index, which are moving up by 3.8 percent each while Welspun Corporation and APL Apollo Tubes are moving 3.2 percent and 2.5 percent respectively.
The index heavyweights Tata Steel moving up by 1.1 percent, while JSW Steel moving up 2.5 per cent and Hindalco is moving up 1.2 percent.
The index gains along with firming metal prices globally and China has plans its stimulus package to stir the economy.
Stocks surged on hopes that the stimulus package to be announced by China would help India's metal companies improve demand and boost profits.
Index up ~8% since China announced stimulus.
NIFTYMET is up ~28% YTD while NIFTY 50 Index is up ~19% YTD.
