MW: Indian shares extend gains, riding metal producers
By V. Phani Kumar
HONG KONG (MarketWatch) -- Indian shares extended gains Wednesday as metals shares such as Hindalco Industries Ltd. led a rally across sectors after commodity prices and Wall Street stocks jumped overnight. The 30-share Sensex added 1.2% to 16,428.19 and the 50-share S&P/CNX Nifty climbed 1.1% to 4,910.85. Hindalco added 4.2% and Sterlite Industries India Ltd. (SLT 16.79, +0.28, +1.70%) added 3.2%, while Tata Steel Ltd. rallied 4.5% after it reported a better-than-expected group fiscal third-quarter profit.
