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India's Hindalco set for best week in 2024



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** Shares of aluminium and copper producer Hindalco Industries HALC.NS up 7.2% so far this week, set for best week since late December 2023

** London Metal Exchange aluminium prices set for biggest weekly gain since mid-April

** HALC's rise this week helped by rising bets of U.S. rate cut in September; lower interest rates could soften the dollar and make greenback-priced metals cheaper to holders of other currencies MET/L

** Largest climb this week was on Monday, closing up 3.9%

** However, HALC down 0.8% at 679.8 rupees on the day

** Nifty Metal index .NIFTYMET down 0.4% on the day after rising for five straight sessions

** Metal index up 3.3% for the week after logging three consecutive weekly declines; top sectoral gainer for the week in the benchmark index



Reporting by Varun Vyas in Bengaluru

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