Metal Stocks Surge: Metal stocks advanced sharply on December 10 as growing expectations of a US Federal Reserve rate cut boosted investor sentiment. Markets are widely anticipating a policy easing after the Fed concludes its FOMC meeting later today.

A US rate cut typically lowers borrowing costs for global investors, making emerging markets like India more attractive. This often supports cyclical sectors, including metals.

The Nifty Metal index climbed to 10,198.35 by 11:15 AM, snapping a two-day losing streak and emerging as the top-performing sectoral index of the day.

Rate Cut Expectations Strengthen

According to the CME FedWatch Tool, traders are now pricing in an 89% probability of a 25-basis-point rate cut. The expectations were reinforced by recent commentary from top Fed off

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