Nifty Metal News
Commodity outlook:More Chinese stimulus required for steel demand, prices to rise, say experts;Tata Steel, SAIL in focus
Commodity outlook: Indian metal stocks are reacting to China’s recent stimulus measures. Despite a temporary boost in steel prices, analysts warn that more stimulus is necessary for sustained demand and price recovery.
3 min read30 Oct 2024Metal stocks plunge sharply as China fails to introduce new stimulus measures
Metal stocks tanked today as investors were expecting Beijing to announce significant fiscal support, including trillions of yuan in bond issuances and initiatives to stimulate consumption. However, the government instead unveiled a modest investment plan of CNY 100 billion for the upcoming year.
3 min read8 Oct 2024Shining brighter: Nifty Metal extends rally for seventh straight session on rise in metal prices, China stimulus
Nifty Metal index gained nearly 2% on Monday, its seventh day of growth, driven by rising global metal prices and China’s central bank actions. In contrast, Nifty 50 and Sensex fell over 1%, but analysts foresee continued upward momentum in metal stocks.
2 min read30 Sep 2024Nifty Metal rallies over 2% as 5 stocks including JSW Steel surge up to 5%. Here’s why
The Nifty Metal index surged 2.16% in today’s session, reaching 9,451 points. Five stocks of the index are currently trading with gains between 3% and 5%, with JSW Steel and Jindal Stainless leading the gainers. The stocks also touched a fresh ₹988 apiece, coming close to the ₹1,000 level.
2 min read20 Sep 2024Regulators get tough: Big Tech’s easy ride is finally coming to an end
The EU’s Digital Markets Act is having a positive impact. The EU will not be caught on the back foot as much, chasing after wrongdoings with probes that run longer than it takes to put a child through school. Apple, Google and others no longer have an easy playing field.
3 min read16 Sep 2024Amid steel’s struggles, is the rally in metal stocks over?
The metals sector continues to rally, with base metals like copper and aluminium showing bullish trends, suggesting potential for further gains in 2024 and beyond.Steel, however, faces significant challenges, with prices hitting a 52-week low, indicating a bearish outlook for major steel producers.
5 min read13 Aug 2024All Nifty Metal stocks in the green in 2024 so far, Hindustan Zinc gave multibagger returns; what lies ahead?
Metal stocks have surged in Indian markets, setting new records in 2024 YTD. Nifty Metal constituents have shown positive returns over 1 and 3 years. Industrial metal price spikes have boosted investor confidence.
3 min read27 Jun 2024Nifty Auto vs Nifty Metal: Which sector should investors prefer for long term? Experts answer
Nifty Auto and Nifty Metal have shown strong performance in 2024 YTD, outperforming the benchmark. Experts favor auto over metals for long-term investment due to growth potential, innovation, and less impact from global factors.
7 min read30 May 2024Nifty Metal skyrockets nearly 1,100 points in just 9 sessions, gains over 24% in 2024 – here’s why
Metal stocks surge as industrial metal prices rise, driving investor optimism. Nifty Metal is up 24.34% in 2024. Hindustan Zinc leads gains, up 126% in CY24, followed by Vedanta, MOIL, NALCO, Jindal Steel, SAIL, Coal India, and NMDC.
3 min read23 May 2024Nifty Metal spikes over 1.5% on US Fed rate cut hopes; Hindustan Zinc hits record high
Indian metal stocks surged on Friday fueled by optimism around potential U.S. Federal Reserve rate cuts and growth in China exports. Nifty Metal index gained 1.54%, with Hindustan Zinc hitting a new high. Other metal stocks also finished the trade positively.
3 min read10 May 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared