Page 7 - Metal Stocks

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

Sensex, Nifty log first gain in 5 sessions; power, metal stocks gain

PowerGrid was the top gainer in the Sensex pack, rising around 4 per cent

Sensex falls 109 points on profit booking; Tata Steel down 3%

Benchmark BSE Sensex declined by 109 points on Tuesday due to losses in index major Reliance Industries, Tata Steel and ICICI Bank amid a muted trend in global markets. The 30-share index ended 109.40 points or 0.18 per cent lower at 60,029.06 with 16 of its constituents closing in red. The broader NSE Nifty fell by 40.70 points or 0.23 per cent to 17,888.95 as metal, IT and energy stocks declined. Tata Steel was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tech Mahindra, HCL Tech, IndusInd Bank and Reliance Industries. On the other hand, Maruti, NTPC, Titan, SBI and L&T were among the gainers. Sectorally, BSE metal, energy, basic materials, oil and gas and healthcare indices fell up to 1.93 per cent, while realty, consumer durables and auto index ended with gains. Metal, oil and commodity stocks dragged, fuelled by profit booking while realty, PSU bank and consumer durables made frail attempts at lifting the indices, analysts said. Broader midcap an

Stocks to Watch: Airtel, Dabur, Sun Pharma, HDFC, IRCTC, Steel, Gold stocks

Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices

Metal stocks: Bulls have upper hand, Copper at a five-year high

Demand-supply scenario is favourable and should keep prices elevated

Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%

The Nifty Metal index surpassed its previous high of 6,079.55 on October 14, 2021.

Losing sheen! Don't lap up metal stocks yet, hint tech charts; here's why

The overall trend for metal stocks seems to be precarious, and a further downside cannot be ruled out

Evergrande crisis: Metal index down 6.8% amid fears of lower China demand

Analysts, however, see the fall in iron ore prices a lead indicator and expect steel prices to decline soon

Nifty Metal index slips over 4%; Tata Steel, Hindalco, JSPL plunge over 5%

The index was quoting lower for the third straight trading day, falling 7 per cent during the period

'Markets aren't prepared for a phase of slowdown', says Bernstein MD

Venugopal Garre says there is some downside risk to the market at this juncture and investors should start looking at selectively taking money off the table

Our focus on balance sheet management is a core philosophy: Tata Steel CFO

In a Q&A, Koushik Chatterjee, who is also exec director at Tata Steel, says the firm has prepaid Rs 5,800 cr of principal debt in Q1 and is aiming to repeat deleveraging levels of FY21 this year

Correction in metals may provide buying opportunity for investors

If demand remains good, investors can purchase at moderate valuations

Metal stocks come under pressure, FMCG gains as investors book profits

BSE Metal falls 6.9%, NSE Metal 6.4% as benchmarks retreat for 2nd day

Amid commodity boom, equity funds increase allocation for metals in July

Top ten metal stocks bought by the equity funds in July included Tata Steel and Hindalco Industries

Tata Steel rides metal rally to become second biggest firm in group

It accounts for 9.2% of group m-cap, highest in a decade

Metal shares rally; Tata Steel, Hindalco, Vedanta surge up to 10%

At 11:37 am, Nifty Metal and the S&P BSE Metal index were up 4 per cent each, as compared to a 0.50 per cent rise in the benchmark indices Nifty50 and the S&P BSE Sensex