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Nalco's alumina exports to West Asia affected due to geopolitical tensions, says CMD
Geopolitical tensions in West Asia have impacted National Aluminium Company Ltd's (Nalco) exports, which previously accounted for 40-50% of its alumina shipments. This disruption, coupled with a shift in export destinations, has led to a decline in global spot alumina prices to USD 305-310 per tonne. Smelters in West Asia are operating at reduced capacity, further influencing market prices.
Which sectors saw the biggest FII inflows and outflows in April?
Foreign investors remained net sellers of Indian equities in April, though the pace of outflows eased sharply from March. FIIs turned buyers in sectors such as power, capital goods and metals, while financial services, healthcare, oil & gas and automobiles continued to witness heavy selling pressure amid global uncertainty.
India must speed up domestic resource production amid global supply risks: Vedanta
Amid rising geopolitical tensions around the Strait of Hormuz and growing global competition for critical minerals, Vedanta Group has said India needs to accelerate domestic exploration and operationalise natural resource assets faster to reduce import dependence and strengthen long-term resource security.
JSW Steel sets board meeting date to consider fundraising proposal, dividend payout
Emkay Global, meanwhile, stated that it expects JSW Steel to report Q4 consolidated EBITDA of ₹8,420 crore (up 29.6% QoQ and 32% YoY), driven by higher realisations.
Vedanta demerger sets stage for value unlocking, global scale: Chairman Anil Agarwal
Vedanta Limited is entering a new phase with its demerger effective May 2026, aiming to unlock value through independent businesses. Strong FY26 earnings, rising profits and expansion plans across segments position it for sustained long-term growth.
Adani, Arcelor among firms setting up treasury operations in GIFT City, sources say
Major firms like Adani, Bharti Airtel, Genpact, and ZF Friedrichshafen are setting up treasury operations in India's GIFT City. This tax-neutral finance zone offers cheaper funding and lower taxes on remitting dividends. Seventeen corporate treasuries are expected to begin operations in the next three months. This move aims to rival financial hubs like Singapore and Dubai, attracting global capital management.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets ended higher driven by positive election trends, with gains in financials, pharma, and metals. Nifty held above key support levels despite range-bound movement. Analysts see bullish momentum intact, though global cues remain weak and near-term consolidation is possible.
Aluminium up, cement down: geopolitics drives sector rotation
Energy costs and supply shocks drive a divergence between global metals and domestic plays, with analysts flagging a potential reversal if tensions ease.
Metals, PSU banks drag markets down amid currency weakness and global uncertainty
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
Impact of UAE exit from OPEC on India still uncertain, country should focus on energy resilience, says Sagar Adani
As India faces the ripple effects of the UAE's departure from OPEC, it is imperative to prioritize energy resilience. While this shift may stir market unpredictability, India's flourishing relationship with the UAE is a beacon of optimism. Our country is effectively navigating global energy hurdles, with a vision focused on durable solutions to ensure resilience.
Copper, zinc, aluminium trade mix amid US-Iran war uncertainty; what's the outlook ahead for base metals?
Base metals traded mixed on April 23,amid geopolitical tensions and changing global signals. Copper fell while aluminium declined due to rising energy costs. Analysts noted supply disruptions and structural deficits are driving the market, despite concerns over demand and a stronger dollar.
Manishi Raychaudhuri bets on private banks, metals, consumption plays
Manishi Raychaudhuri, Chief Executive Officer, Emmer Capital Partners, said global focus is shifting to energy security and alternative energy due to supply risks. He noted markets may be underestimating uncertainty, particularly around crude oil. For India, elevated oil prices could affect inflation and policy choices.