National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut

National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut

Shares of metal companies like National Aluminium surged 4.7% to its fresh 52-week high of Rs 21.40 while those of SAIL rallied 3.5% to day’s high of Rs 144.20 on the BSE as People’s Bank of China (PCoB) announced that it would cut the amount of cash that banks must hold as reserves (reserve requirement … Read more