India's Nifty Metal index outperformed the broader Nifty 50, rising 1% due to China's interest rate reduction aimed at boosting its economy and metal demand. Steel Authority of India and Hindalco led gains, with most index stocks rising.

• Nifty Metal up 1%, Nifty 50 down 0.2%.
• China’s rate cut boosts metal demand outlook.
• YTD gains: Metal index 7.5% vs Nifty 50's 5.2%.