Page 8 - Metal Stocks

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

Metal stocks likely to underperform broader market during H2 2021

The dollar-denominated hot rolled steel prices in China are up 27 per cent in 2021 against 13.4 per cent rise in S&P 500 index, but some analysts are turning cautious

Metal stocks could correct soon but remain a medium-term buying opportunity

All the base metal stocks could see deeper corrections, but a strong global economy may make this a medium-term buying opportunity

Metal stocks shed 7% this week in the biggest meltdown in 13 months

Global commodity selloff drags BSE Metal index 7% during the week, most since May 2020

Equity indices swing down, metals stocks drag on mixed global cues

Equity benchmark indices swung lower during early hours on Friday tracking mixed global cues.At 10:15 am, the BSE S & P Sensex was down by 236 points or 0.45 per cent at 52,087 while the Nifty 50 slipped by 83 points or 0.53 per cent to 15,608.All sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 2.9 per cent, realty by 2 per cent, PSU bank by 1.7 per cent and auto by 1.3 per cent.Among stocks, JSW Steel cracked by 2.8 per cent to Rs 676.50 per share while Tata Steel lost by 2.5 per cent and Hindalco by 1.6 per cent.ONGC, State Bank of India, Tata Motors, Coal India and Power Grid Corporation also traded lower with thin margins. However, Adani Ports, Infosys, HDFC Bank and HDFC Life traded in the green.Meanwhile, Asian shares inched higher but were set for a weekly loss as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023.MSCI's broadest index of Asia Pacific shares outside Japan edged ..

Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its