Page 7 - Metal Stocks

Markets need tourniquet fix: Metal stocks melt down amid fears of recession

BSE Metal Index now down 35% from 2022 highs

Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low

Global growth is projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022. Given this, Tata Steel, Hindalco Industries, and Vedanta have shed up to 35 per cent in the past one month

Sensex falls 153pts; Nifty below 15750; Bajaj Auto dips 5%, Adani Ent up 6%

CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low

Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

Selling pressure on metal and mining stocks likely to persist: Analysts

The sell-off has been triggered by the central government's decision to impose export duty on steel in a bid to thaw domestic prices

Nifty Next 50 index hits 52-week low; SAIL, Vedanta down 27% in a month

In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.

Metal stocks slide; Jindal Steel cracks over 17% amid export duties

Metal stocks faced heavy drubbing on Monday, with Jindal Steel & Power cracking over 17 per cent, after the government imposed export duties on steel-making raw materials. Shares of Jindal Steel tumbled 17.40 per cent, JSW Steel tanked 13.20 per cent and Tata Steel plunged 12.53 per cent on the BSE. Also, NMDC declined 12.44 per cent, SAIL (10.96 per cent), Hindalco Industries (3.65 per cent), APL Apollo Tubes (3.42 per cent) and Vedanta (2.77 per cent). The metal index also tanked 8.33 per cent to end at 17,655.22. Tata Steel was the biggest drag in the Sensex pack. "Volatility was hallmark of today's trade. Volatility struck benchmark Nifty as it was aiming to build on to morning gains. Blame it to Nifty metal index which dropped over 8 per cent after government hiked duty on steel products," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd. The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used

Top headlines: RBI Governor on rate hike in June; metal stocks bleed

Business Standard brings you the top headlines on Monday

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products.

Metal shares shine on demand revival hopes; Hindalco, Vedanta soar 7%

At 10:36 am; Nifty Metal index was the top gainer among sectoral indices, up 4.4 per cent, as compared to 1.3 per cent rise in the Nifty50 index.

Charts indicate up to 15% fall in select metal stocks from current levels

The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower

Metal stocks feel the heat of conflicting trends across commodity markets

Analysts are now taking note of a few developments that could lead to demand reduction; Nifty Metals Index, with 2.85% fall on Monday was the top loser among sectoral indices

Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

Base metals set for best-ever week as war stokes shortage fears

Commodities markets from metals to oil and gas have been upended by the war in Ukraine as big corporates withdraw from Russia

Russia-Ukraine crisis: Combined m-cap of firms in BSE Metals tops Rs 10 trn

Analysts expect the divergence to continue as Russia remains one of the world's top producers and exporters of energy and industrial metals.

Rally in Metal index has more steam left; Vedanta may soar another 15%

While Nifty Metal index is just 140 points short of a new historic peak, Vedanta shares gracefully achieved it today

Indian metal stocks surge on Russia-Ukraine war, Nifty metal up 5%

Russia is a major producer of industrial metals such as aluminium and nickel

Nifty Metal index surges 3% in subdued market; Hindalco hits record high

Russia produces about 6 per cent of the world's aluminium and accounts for about 7 per cent of global nickel mine supplies

Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%

This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.

Few takers for metal stocks, investors better off betting on auto: Analysts

Analysts underweight despite metals index's better dividend yield, lower P/E versus Sensex