India's weightage in the MSCI Standard Index remained broadly unchanged at 12.3 per cent, versus 12.4 per cent earlier
While describing midcaps as a stock-specific universe, analysts attributed the outperformance to healthy valuation normalisation in the segment over the past few quarters
State-run aluminium major reports highest-ever revenue and operational performance, supported by higher production, improved realisations and efficiency gains
State-run Nalco on Thursday reported a 16.6 per cent drop in consolidated net profit to Rs 1,722.44 crore for the quarter ended March 31, 2026, on the back of lower revenue and higher expenses. The company had posted a consolidated profit of Rs 2,067.23 crore in the year-ago period. Revenue declined to Rs 5,012.82 crore in the fourth quarter of FY26, compared to Rs 5,267.83 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in a filing to the stock exchanges. Total expenses of the Navratna public sector undertaking rose to Rs 2,898.30 crore as against Rs 2,633.80 crore in the year-ago period. The company's board also approved the third interim dividend of Rs 2 per equity share, amounting to Rs 367.33 crore for 2025-26. "Consequent to the introduction of the New Labour Codes w.e.f November 21, 2025, pending the promulgation of rules in this regard, the company, on a provisional basis, assessed its obligation and provided for Rs 20.30 crore during the current
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.
Buying in the metal sector came amid an overall positive market amid optimism around progress in US-Iran negotiations, which helped ease geopolitical tensions and lift global investor sentiment
Buying in the sector came despite a setback in overall market sentiment, as tensions in West Asia resurfaced just a day after the United States and Iran agreed to a temporary two-week ceasefire
Ajit Mishra expects upside momentum to continue in metal shares for now. Among individual stocks he predicts up to 18% upside in Jindal Steel, National Aluminium and NMDC.
Nalco achieves record production and sales in FY26, with bauxite evacuation crossing 77 lakh tonnes and strong growth across alumina, aluminium and power operations
The Nifty Metal index fell over 3 per cent to hit an intraday low of 11,052.55, dragged by Hindustan Copper, Hindustan Zinc, APL Apollo Tubes, Tata Steel, SAIL, Adani Enterprises, and Jindal Steel
The futures & options market positioning reflects heavy short build-up, creating conditions for sharp but temporary short-covering rallies, says Systematix Institutional Equities.
At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent
Nifty Metal fell as much as 1.6 per cent in trade to day's low at 11,156.7. At 10:49 PM, 14 out of 15 stocks on the index traded with losses
The Nifty Metal index, which tracks 15 companies from the metals and mining sector, plunged 4.71 per cent to hit an intraday low of 10,874 on the NSE
Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.
Short build up is seen in the Nifty Futures, where Open interest rose by 3 per cent along with price fall of 1 per cent, said Nandish Shah, technical research analyst at HDFC Securities
Antique expects Nalco to benefit from the domestic aluminum market, projected to grow at a CAGR of 7.2 per cent through 2030
Drumil Vithalani, technical analyst at Bonanza decodes trading strategy in Nifty Metal, as the index slumps over 9 per cent in two trading sessions.
Metal stocks slide: Share price of Hindustan Zinc, NALCO, Vedanta and Hindalco Industries were down 8% to 14% on the NSE in intra-day trade on Sunday, Budget day.
Nalco's revenue for the quarter was up 1.5 per cent Y-o-Y to ₹4,730.95 crore from ₹4,662.22 crore in Q3FY25. Sequentially, revenue rose 10.2 per cent from ₹4,292.34 crore