Sterlite Industries, Hindalco gain on higher copper prices

Shares in copper refiners gained on expectations of better realisations after the metal rose more than 6 per cent on Friday, its strongest daily gain in 18 months, as economic stimulus moves by the RBI raised investor confidence over growth of industrial metals demand.

Sterlite Industries Ltd shares rose 2.5 per cent, while Hindalco Industries Ltd gained 3 per cent.

Benchmark copper on the London Metal Exchange closed at $7,265 per tonne on Friday versus its previous close of $6,848.

Copyright @ Thomson Reuters 2013