Metals

Copper headed for its highest-ever close and other metals advanced as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets.

One Point One Solutions has shown a steady upward trend since 2021, delivering multibagger returns of 3,946%. With significant retail investor participation, the company's market cap is now ₹1,200 crore, showcasing its wealth-creating potential.

Nifty Metal has dropped 8.53% in the past month due to global risk factors and profit-taking. Axis Securities maintains a positive outlook, suggesting a 'Buy on Dips' strategy as supply limitations and domestic demand support the sector despite current valuations.

Lloyds Metals & Energy has delivered significant returns to investors, with shares rising 10,854% since March 2021. In terms of yearly performance, the stock closed each of the last five years in the green, with four of them standing as multibagger years.

MCX silver rate today: Silver prices are recovering from a January plunge but remain significantly down from record highs. The market is influenced by a strengthening US economy and geopolitical factors, while analysts note ongoing volatility and potential support levels for future price movements.

London Metal Exchange, the world’s biggest metals bourse, suffered a one-hour trading outage at the open, leading to a delayed start on Friday amid sharp gyrations in the metal prices this week.

Ross Maxwell, Global Strategy Operations Lead, VT Markets, said that for investors who missed the precious metals rally, copper is increasingly viewed as a strategic opportunity rather than a speculative chase.

Small-cap EV stock Mercury Ev-Tech rose over 14% amid weak market sentiment, reaching an intraday high of ₹40.99. The surge is attributed to the India-EU Free Trade Agreement, which may exempt battery electric vehicles from import duties for five years, benefiting local investments.