Market News
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Gold may test $4,000 amid strong dollar, hawkish Fed: Mirae Asset ShareKhan
Gold price outlook: In the near term, gold can slide further. A test of support around $4000 is possible, while an extended decline to $3800 cannot be ruled out.
Aluminium producers poised to strike gold with firm prices
Aluminium prices have retreated from war-driven highs after the US-Iran peace deal, but supply constraints, strong demand and looming deficits could keep the metal well supported.
Vedanta Aluminium, other demerged stocks surge up to 5%. Which has been the best performer since market debut?
Vedanta’s newly listed demerged entities outperformed the broader market on Friday, with shares of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power and Vedanta Oil and Gas rising up to 5%. The rally comes days after their market debut following Vedanta’s mega demerger.
GRSE, Paras, Zen Tech: Analyst sees up to 54% upside in 3 defence stocks
Defence stocks to buy: Muthuselvaraj of Mirae Asset Sharekhan explains that Paras Defence is showing an uptrend, trading with higher top, higher bottom pattern after breaking from consolidation zone.
Gold price falls ₹10 to ₹1,49,500; silver down ₹100, trading at ₹2,59,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,040
Trump’s copper tariff decision hangs over global metal market
The global copper market is on edge as President Trump weighs imposing tariffs on refined copper imports. A decision, expected soon, could significantly alter trade flows and prices. Traders are anticipating the outcome, with potential scenarios ranging from a 15% tariff to no action, impacting US producers and manufacturers alike.
Hot Stocks: 3 stocks that may give returns between 11-36%
Analysts are recommending several stocks with projected returns ranging from 11% to 36%. Key picks include United Spirits, Vedanta Aluminium Metal, and Reliance Industries, with analysts citing strong brand portfolios, favorable policy changes, market deficits, and promising new energy ventures as drivers for potential growth and shareholder returns.
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRI
India's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties on the metal. This aims to encourage domestic production of higher-value aluminium products. The goal is to reduce reliance on imported finished goods and boost manufacturing competitiveness. This shift could create jobs and enhance exports.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
Sensex, Nifty trade in positive terrain; European mrkt advance
Media, realty and PSU bank shares advanced while IT, metal and oil& gas stocks declined.
Adani Enterprises Ltd soars 0.11%, gains for fifth straight session
Adani Enterprises Ltd is quoting at Rs 2955, up 0.11% on the day as on 12:44 IST on the NSE. The stock is up 25.92% in last one year as compared to a 2.73% slide in NIFTY and a 43.63% slide in the Nifty Metal.
Hindalco, Coal India: UBS turns selectively bullish on Indian metal sector
Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.