You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Metal stocks shine on higher copper prices

Capital Market 

Seven metal and mining stocks rose between 0.49% and 6.54% at 15:19 on as the global benchmark copper prices edged higher in commodities markets.

Jindal Steel & Power (up 6.54%), Hindustan Zinc (up 4.23%), JSW Steel (up 2.95%), Steel Authority of India (up 1.99%), (up 0.9%) and NMDC (up 0.49%) edged higher. National Aluminium Company (down 0.44%) and Hindalco Industries (down 0.94%) edged lower.

High Grade Copper for March 2017 delivery was currently up 1.01% at $2.7085 per pound on the COMEX.

Meanwhile, the S&P Sensex was up 18.29 points or 0.07% at 26,334.63. The S&P Metal index was currently up 0.92% at 10,618.75, outperforming the Sensex.

The Metal index had outperformed the market over the past one month till 25 November 2016, advancing 2.23% compared with the Sensex's 6.32% fall. The index had also outperformed the market in past one quarter, gaining 6.44% as against the Sensex's 5.46% fall.

Tata Steel was down 0.17%. The company announced that the company at its meeting held on Friday, 25 November 2016, decided to convene an extraordinary general meeting (EGM) on 21 December 2016, pursuant to the special notice & requisition dated 10 November 2016, received from Tata Sons, promoter and principal shareholder of the company, holding 29.75% of the paid-up ordinary share capital of the company, to consider and if thought fit, to pass the resolutions viz. removal of C. P. Mistry as director of the company and removal of Nusli N. Wadia as director of the company. The announcement was made after market hours on Friday, 25 November 2016.

Vedanta rose 2.2% after the company announced that it proposes to offer rated secured redeemable non-convertible debentures aggregating upto Rs 500 crore and in this regard, the company is holding a meeting of its duly constituted committee of the board on 30 November 2016. The announcement was made after market hours on Friday, 25 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Metal stocks shine on higher copper prices

Seven metal and mining stocks rose between 0.49% and 6.54% at 15:19 IST on BSE as the global benchmark copper prices edged higher in commodities markets.

Seven metal and mining stocks rose between 0.49% and 6.54% at 15:19 on as the global benchmark copper prices edged higher in commodities markets.

Jindal Steel & Power (up 6.54%), Hindustan Zinc (up 4.23%), JSW Steel (up 2.95%), Steel Authority of India (up 1.99%), (up 0.9%) and NMDC (up 0.49%) edged higher. National Aluminium Company (down 0.44%) and Hindalco Industries (down 0.94%) edged lower.

High Grade Copper for March 2017 delivery was currently up 1.01% at $2.7085 per pound on the COMEX.

Meanwhile, the S&P Sensex was up 18.29 points or 0.07% at 26,334.63. The S&P Metal index was currently up 0.92% at 10,618.75, outperforming the Sensex.

The Metal index had outperformed the market over the past one month till 25 November 2016, advancing 2.23% compared with the Sensex's 6.32% fall. The index had also outperformed the market in past one quarter, gaining 6.44% as against the Sensex's 5.46% fall.

Tata Steel was down 0.17%. The company announced that the company at its meeting held on Friday, 25 November 2016, decided to convene an extraordinary general meeting (EGM) on 21 December 2016, pursuant to the special notice & requisition dated 10 November 2016, received from Tata Sons, promoter and principal shareholder of the company, holding 29.75% of the paid-up ordinary share capital of the company, to consider and if thought fit, to pass the resolutions viz. removal of C. P. Mistry as director of the company and removal of Nusli N. Wadia as director of the company. The announcement was made after market hours on Friday, 25 November 2016.

Vedanta rose 2.2% after the company announced that it proposes to offer rated secured redeemable non-convertible debentures aggregating upto Rs 500 crore and in this regard, the company is holding a meeting of its duly constituted committee of the board on 30 November 2016. The announcement was made after market hours on Friday, 25 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Metal stocks shine on higher copper prices

Seven metal and mining stocks rose between 0.49% and 6.54% at 15:19 on as the global benchmark copper prices edged higher in commodities markets.

Jindal Steel & Power (up 6.54%), Hindustan Zinc (up 4.23%), JSW Steel (up 2.95%), Steel Authority of India (up 1.99%), (up 0.9%) and NMDC (up 0.49%) edged higher. National Aluminium Company (down 0.44%) and Hindalco Industries (down 0.94%) edged lower.

High Grade Copper for March 2017 delivery was currently up 1.01% at $2.7085 per pound on the COMEX.

Meanwhile, the S&P Sensex was up 18.29 points or 0.07% at 26,334.63. The S&P Metal index was currently up 0.92% at 10,618.75, outperforming the Sensex.

The Metal index had outperformed the market over the past one month till 25 November 2016, advancing 2.23% compared with the Sensex's 6.32% fall. The index had also outperformed the market in past one quarter, gaining 6.44% as against the Sensex's 5.46% fall.

Tata Steel was down 0.17%. The company announced that the company at its meeting held on Friday, 25 November 2016, decided to convene an extraordinary general meeting (EGM) on 21 December 2016, pursuant to the special notice & requisition dated 10 November 2016, received from Tata Sons, promoter and principal shareholder of the company, holding 29.75% of the paid-up ordinary share capital of the company, to consider and if thought fit, to pass the resolutions viz. removal of C. P. Mistry as director of the company and removal of Nusli N. Wadia as director of the company. The announcement was made after market hours on Friday, 25 November 2016.

Vedanta rose 2.2% after the company announced that it proposes to offer rated secured redeemable non-convertible debentures aggregating upto Rs 500 crore and in this regard, the company is holding a meeting of its duly constituted committee of the board on 30 November 2016. The announcement was made after market hours on Friday, 25 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard