NTPC, PSU, and Metal Stocks Rally on Positive Outlook and Broker Upgrades

Shares of state-owned and metal companies have shown strong gains recently, with NTPC hitting a 52-week high after a 15% rise in one month, supported by its dominant position in India's power sector. The BSE PSU index rose 11%, nearing record levels, driven by banks, refineries, and power firms. Metal stocks, including Lloyds Metals and Vedanta, also rallied, boosted by positive brokerage ratings and sector optimism. Nomura and BoFA Securities upgraded Lloyds Metals and Vedanta, citing growth prospects and improved financials.