New Delhi, Oct. 15 -- NMDC Steel shares jumped over 6% on Thursday, 15 October, amid a broad-based rally in the Indian stock market and improving sentiment in the domestic steel sector.

Indian equities surged today, with the Sensex gaining over 1,100 points and the Nifty 50 moving above the 22,900 mark. The positive market sentiment may have supported buying interest in individual stocks, including NMDC Steel.

Sentiment in the steel sector has also shown signs of improvement. Domestic hot-rolled coil (HRC) steel prices rose by Rs.700 per tonne in the week ended 9 October to Rs.64,700 per tonne. Meanwhile, NMDC raised the price of lump iron ore by Rs.150 per tonne as of September, a development that could affect steelmakers' raw material...