** India's Nifty Metal index rises as much as 1.98% to record high of 10,263.65
** NIFTYMET set to gain for seventh straight session
** NMDC , Welspun Corporation , APL Apollo Tubes lead pct gains in index, rising 3.8%, 3.2% and 2.5%, respectively
** Index heavyweights Tata Steel up 1.1%, JSW Steel rises 2.5% and Hindalco adds 1.2%
** Index boosted by higher global metal prices and China's planned stimulus to boost its economy
** Stocks rising on hopes that China stimulus will increase demand and add profit margins for Indian metal cos
** Index up ~8% since China announced stimulus
** NIFTYMET up ~28% YTD vs ~19% gains in NIFTY 50 Index
(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))
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