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Hindustan Zinc Ltd Falls 2.9%
Hindustan Zinc Ltd has lost 18.71% over last one month compared to 8.29% fall in BSE Metal index and 1.82% rise in the SENSEX
Sensex settles 791 pts higher; Nifty ends above 24,000 level; VIX slides 3.99%
The Nifty settled above the 24,000 level. All NSE sectoral indices closed in positive territory, with the exception of the auto and metal sectors.
Nisus Finance to raise up to Rs 4,000 crore through a real assets investment platform
Nisus Finance is launching a real assets platform to raise up to Rs 4,000 crore, targeting yield-generating and value-accretive real estate opportunities across India. The platform will attract domestic and UAE-based investors, including family offices and ultra-high-net-worth individuals. A key vehicle, the Nisus Yield and Asset Multiplier Fund (NiYAM), will focus on structured credit and equity enhancement for projects like plotted developments and redevelopment.
Vedanta Aluminium share price gains as brokerages remain bullish; CLSA sees 18% upside
CLSA assigned an ‘Outperform’ rating on Vedanta Aluminium Metal shares, with a target price of ₹540 apiece, based on 6x FY28CL EV/Ebitda. The target price implies an upside potential of 18% from Tuesday’s closing price.
Indices drift higher in early trade; breadth strong
The Nifty traded above the 23,850 mark. Pharma, IT and realty shares advanced while media, metal and auto shares declined.
Hindustan Zinc Ltd Slips 1.01%
Hindustan Zinc Ltd has lost 14.69% over last one month compared to 6.57% fall in BSE Metal index and 0.34% drop in the SENSEX
Metal stock with more 'sell' ratings than 'buy' gets 31% upside projection
The brokerage expects firm aluminium prices and higher alumina volumes to support the company's revenue growth in the coming years.
Gold price dips ₹10 to ₹1,44,590; silver down ₹100, trading at ₹2,44,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,32,540
Stock Market News Today Live Updates: Nifty, Sensex Fluctuate; IRFC Falls Over 5%
Nifty IT rose 1.03%, while Nifty Pharma gained 0.89%, leading gains among sectoral indices, according to NSE data. Nifty Auto fell 0.42%, while Nifty Media, Metal, Consumption and Rural traded lower.
Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's why
Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company's cost position. Robust demand from electrification and constrained supply are expected to support higher aluminium prices for an extended period, bolstering Vedanta Aluminium's financial outlook and potential for deleveraging and dividends.
Stock Market Today: All You Need To Know Going Into Trade On June 24
Domestic equity benchmarks fell on Tuesday, June 23, dragged by heavyweight IT and metal stocks.
Metal companies' hot run comes to an end as West Asia cools off
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.