Page 6 - Metal Stocks
Metal stocks: Will export duty rollback help?
India has decided to remove export duty on steel, and steel making raw material. While industry has welcomed it, analysts do not see any benefit in the near term. How will related stocks be impacted?
 "Metal stocks: Will export duty rollback help?")
Roll-back of export duty on steel has no near-term earnings upside: Experts
Analysts perceive the roll-back of export duties on steel as a valuation re-rating event, rather than an earnings upgrade trigger
 "Roll-back of export duty on steel has no near-term earnings upside: Experts")
Metal stocks rally despite decline in corporate earnings in Sept quarter
Bright future for sector could be a reason, say experts
 "Metal stocks rally despite decline in corporate earnings in Sept quarter")
SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh
The stock of state-owned electric utilities company traded at its highest level since February 2018.
 "SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh")
Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan
Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.
 "Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan")
Use the rally in Vedanta to exit the stock: Analysts
Vedanta on Tuesday inked a pact with the Gujarat government under which the company, along with Taiwan's Foxconn, will jointly invest $19.5 billion to set up a semiconductor project in the state.
 "Use the rally in Vedanta to exit the stock: Analysts")
Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME
The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.
 "Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME")
Tata Steel, Vedanta look strong on charts, may resist China slowdown woes
Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.
 "Tata Steel, Vedanta look strong on charts, may resist China slowdown woes")
Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days
On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.
 "Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days")
Tata Steel, Vedanta can surge 14%, provided they defy this chart formation
All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.
Equity investors richer by over Rs 4.73 trn in two days of rally
The recent sell-off had made some stocks attractive, hence traders bought IT, metals and telecom stocks, says an analyst
 "Equity investors richer by over Rs 4.73 trn in two days of rally")
Will retail stocks storm through the wave of inflation?
Despite inflation headwinds in retail sector, analysts say it to be on the cusp of accelerated earnings growth after a lull due to Covid-19. Can retail stocks weather through the inflation storm?
 "Will retail stocks storm through the wave of inflation?")
Metal stocks rally as China considers $220 billion stimulus plan
The move was expected to bolster infrastructure spending in the world's second-largest economy, where stringent Covid-19 lockdowns have led to a slump in demand
 "Metal stocks rally as China considers $220 billion stimulus plan")
Investors fear big decline in metal companies' margins and profits
The metal sector also faces headwinds from an investment slowdown in China that accounts for more than half the global metal demand
 "Investors fear big decline in metal companies' margins and profits")
Sensex ends 617 pts up, Nifty near 16K; Bajaj twins gain 5%, HUL 4%
Despite a 0.8 per cent fall in heavyweight Reliance, Bajaj twins, HUL, Asian Paints, Maruti, Titan, Kotak Bank and Nestle led the upmove on the Sensex, moving up to 4.8 per cent higher.
 "Sensex ends 617 pts up, Nifty near 16K; Bajaj twins gain 5%, HUL 4%")
Banks to outshine, metals may disappoint in Q1FY23 results
As corporate profits take a beating globally, Indian investors will track earnings growth amid a difficult environment. Find out which sectors may emerge as winners and which ones might lose.
 "Banks to outshine, metals may disappoint in Q1FY23 results")
Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low
Stock market LIVE updates: As of 7:28 AM, the SGX Nifty Futures quoted 15,881 levels, hinting an upside of 46-odd points on the Nifty50.
 "Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low")
Metals' loss is infrastructure and capital goods companies' gain
Interest rate hikes, however, remain a pet peeve
 "Metals' loss is infrastructure and capital goods companies' gain")
Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
 "Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally")
Markets need tourniquet fix: Metal stocks melt down amid fears of recession
BSE Metal Index now down 35% from 2022 highs