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Sensex Today Ends 64 Points Higher | Nifty Below 23,250 | Hindalco Drops 3% - Equitymaster
Sensex Today Ends 64 Points Higher | Nifty Below 23,250 | Hindalco Drops 3%Equitymaster
Sensex Today Ends 64 Points Higher | Nifty Below 23,250 | Hindalco Drops 3% - Equitymaster
Sensex Today Ends 64 Points Higher | Nifty Below 23,250 | Hindalco Drops 3%Equitymaster
Metal shares trade weak; Hindalco, Hind Zinc, Vedanta slip up to 4%
In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
Aluminium prices may stay firm; Hindalco, Nalco, Vedanta remain buy-on-dips: Axis Securities
Aditya Welekar, Senior Research Analyst–Metals at Axis Securities, believes that while possible US rate hikes and seasonal weakness could weigh on metal stocks in the near term, Hindalco, Nalco and Vedanta Aluminium remain attractive long-term 'buy-on-dips' opportunities.
Hindalco offers favourable risk-reward, says HSBC; sees stock at ₹1,430
The brokerage said that while benchmark aluminium prices on the London Metal Exchange (LME) have remained firm, physical aluminium premiums have risen sharply, with recent offers crossing $450 per tonne.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades over 350 points lower; Hindalco in focus
Sensex Today | Stock Market LIVE Updates: The Nifty is back at key support levels of 23,300 and last week's low of 23,151 will be the most important to watch on the downside, to prevent the index from collapsing down to levels of 22,800 - 22,700. On the upside, 23,500 remains a hurdle. The Nifty Put-Call Ratio is at 0.83 and it is near levels of 0.65-0.6 when there is generally a bounce in the index.
Hindalco expects aluminium to shine bright downstream
Upstream operations typically involve extraction of raw materials to produce basic metal, the pricing for which is largely dependent on global commodity prices. Downstream operations are a value addition to the basic metal, converting it specifically as per customers' requirements, and has more stable pricing compared to the basic metal.
Metals Q4 results: Strong operational performance sustains amid elevated metal prices; Hindalco, APL Apollo top picks
Metals and mining sector showed resilience in Q4 FY26, supported by high commodity prices and strong demand. Most companies met or surpassed expectations, with APL Apollo Tubes and Hindalco receiving 'Buy' ratings from Axis Direct, highlighting their robust performance and strategic growth plans.
Hindalco Share Price Live Updates: Hindalco's beta value points to increased volatility
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Check out top stocks under brokerages' radar heading into trade today.
Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?
Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in China, the world's top producer, are driving the rally. Traders are concerned about China's review of energy consumption and emissions. This situation tightens global supply, benefiting Indian aluminium producers. Morgan Stanley sees strong demand and constrained supply supporting prices.
Nifty Metal index soars 3%; Nalco, Hindalco, Tata Steel rally up to 5%
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.