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Tata Steel Ltd gains for fifth session
Tata Steel Ltd is quoting at Rs 214.82, up 2.07% on the day as on 12:44 IST on the NSE. The stock is up 33.23% in last one year as compared to a 3.3% drop in NIFTY and a 48.48% drop in the Nifty Metal.
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.
Sensex, Nifty pare losses; metal shares advance for 6th day
The Nifty traded above the 23,950 mark. Metal shares extended gains for sixth consecutive trading session.
Hindalco Industries Ltd Spurts 3.27%
Hindalco Industries Ltd has added 7.39% over last one month compared to 3.56% gain in BSE Metal index and 1.76% drop in the SENSEX
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Gold price dips ₹10 to ₹1,58,880; silver price falls ₹100 to ₹2,84,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,45,640
Mutual Funds Are Cutting Exit Loads — What Does It Mean, And Should Investors Care?
Exit load refers to the fee charged when investors redeem mutual fund units before a specified holding period. Traditionally, many equity schemes charged a 1% exit load if investors withdrew within one year.
Mirae Asset Sharekhan predicts up to 150% upside in these 3 midcap stocks
Midcaps to buy: Muthuselvaraj, Research Analyst at Mirae Asset Sharekhan expects Adani Total Gas to hit ₹1,850 levels; JSW Energy and Astral to rally over 50% as Nifty MidCap hits new life-time high.
Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 cr
Global financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters selling shares worth over Rs 2,291 crore. This investment comes as Premier Energies secured significant orders for solar cells and modules. The company is expanding its manufacturing capacities for cells and modules.
Hindustan Zinc Ltd gains for third consecutive session
Hindustan Zinc Ltd is quoting at Rs 641.3, up 1.07% on the day as on 12:49 IST on the NSE. The stock is up 42.04% in last one year as compared to a 3.34% drop in NIFTY and a 44.84% drop in the Nifty Metal index.
Adani Enterprises Ltd soars 2.95%, up for third straight session
Adani Enterprises Ltd is quoting at Rs 2933.8, up 2.95% on the day as on 12:49 IST on the NSE. The stock is up 19.12% in last one year as compared to a 3.34% fall in NIFTY and a 44.84% fall in the Nifty Metal index.