The Nifty50 is expected to close the fiscal year 2026 (FY26) with nearly 3 per cent loss, against a 5.3 per cent gain in the preceding financial year.
Individually, GMDC shares gained 3.6 per cent on BSE, logging a day's high at ₹551.5 per share on BSE, and NMDC shares rose 1.6 per cent to touch an intra-day high at ₹78.81 per share
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Gujarat Mineral Development received advanced technology from the Bhabha Atomic Research Centre (BARC) for its Ambadungar Rare Earth Project.
Among other metal shares, GMDC soared 7 per cent, while NALCO gained 4 per cent and was seen trading near its life-time in trades on Friday.
GMDC, MOIL rally on strong volume amid reports that the government approved a ₹7,280-crore incentive programme to boost domestic production of rare earth magnets.