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Copper Extends Retreat on Faster Inflation and Stronger Dollar
Copper extended its retreat from a record-high close as accelerating US inflation reduced the chance of rate cuts and a stronger dollar make the metal more expensive for many buyers.
Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say
Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions are also supporting prices.
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
D-St surges 1% on reports govt to cut tax on foreign bond bets
Indian stock markets surged on Thursday. The Nifty and Sensex saw significant gains. This rise was driven by reports of a potential tax cut on foreign investments in Indian bonds. The rupee also strengthened. This news eased investor concerns. Pharma, Metal, and Financial Services sectors performed well. Foreign and domestic institutions were net buyers of shares.
India's gold loan market has huge potential, there's lot of idle metal: George Alexander Muthoot
The rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties will not change the course of the gold loan market. And the price fluctuation won't matter since there is enough cushion. While disbursing loans, the loan to value (LTV) ratio is 75% but the ratio comes down when price increases. Over the last two years, the gold price have risen although recently a small correction has happened from the high, says George Alexander Muthoot, managing director, Muthoot Finance.
IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT Fund
IRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fund. The non-binding offer includes the Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 BOT Assets, totaling 1,144 Lane km. This move aims to fund future opportunities and enhance IRB InvIT Fund's asset portfolio.
Ahead of Market: 10 things that will decide stock market action on Friday
BSE Sensex and Nifty 50 extended gains for a second session, led by banking, metal and pharma stocks despite IT weakness. Analysts flagged 23,800 as a key resistance for Nifty, while broader market breadth remained mildly negative amid selective buying and selling pressure.
Market Trading Guide: Buy Zydus Lifesciences, Solar Industries on Friday for gains up to 15%
Nifty 50 closed higher for a second straight session, driven by banking, metal and pharma stocks despite IT weakness. Analysts see 23,800 as a crucial resistance level, while recommending Zydus Lifesciences and Solar Industries India for near-term gains on strong technical indicators and bullish momentum.
Gold Monetisation Scheme In Focus Amid PM Modi's Call For Deferred Metal Purchases: Here's How It Works
India is estimated to hold over 25,000 tonnes of gold in households.
Stock market today: Sensex jumps 800 points, Nifty 50 ends near 23,700; bank, metal, pharma shine - Mint
Stock market today: Sensex jumps 800 points, Nifty 50 ends near 23,700; bank, metal, pharma shineMint
Why is stock market up today? Sensex rises over 1,000 points; Nifty50 above 23,700 - top reasons for rally - The Times of India
Why is stock market up today? Sensex rises over 1,000 points; Nifty50 above 23,700 - top reasons for rallyThe Times of IndiaWhy market rose today? Sensex rises 790 points, Nifty closes near 23,700. 5 key drivers behind surgeThe Economic TimesSensex Today | Stock Market Highlights: Sensex closes up 790 points, Nifty near 23,700; banks, pharma, metal stocks leadMoneycontrol.com
National Aluminium Company Ltd up for third straight session
National Aluminium Company Ltd is quoting at Rs 414.2, up 1.46% on the day as on 12:49 IST on the NSE. The stock is up 131.97% in last one year as compared to a 5.39% slide in NIFTY and a 47.08% slide in the Nifty Metal index.