BS reported that copper maker Sterlite Industries (India) rose 5.37% to INR 112.80. The stock topped the gainers in the BSE's A group.
Metal shares were in demand as copper prices in London and Shanghai hit their highest in almost seven weeks on December 5th 2012. Three month copper on the London Metal Exchange rose to USD 8,074.75 per tonne its highest since October 19th 2012. The most traded March copper contract on the Shanghai Futures Exchange gained more than 1% to a near 7 week high of CNY 57,970 earlier in the day and closed at CNY 57,760. Copper, used largely in power and construction is considered a gauge of economic activity.
State run Allahabad Bank rose 4.94% to INR 155.20. The stock was second biggest gainer in 'A' group. Gujarat Fluorochemicals which makes refrigerant gases rose 4.83% to INR 348.65. The stock was third biggest gainer in A group. Iron ore exporter Sesa Goa rose 4.65% to INR 189.10. The stock was fourth biggest gainer in A group. Auto component maker Motherson Sumi Systems rose 4.51% to INR 179.60. The stock was fifth biggest gainer in A group.
