Metal stocks were trading with gains, with the BSE Metal index increasing 124 points or 0.44% at 28209.15 at 09:47 IST.
For Hindalco, strong domestic aluminium business is seen offsetting global volatility. Axis Securities suggested a 'Buy' and ...
Metal stocks were trading with losses, with the BSE Metal index falling 711.35 points or 2.44% at 28486.14 at 13:47 IST.
A cut in the repo rate is considered a positive for the growth of infrastructure and real estate. Metal stocks shine on such prospect, being a necessary raw material in such developments.
NALCO and Tata Steel, each down by more than 3 per cent. Welspun Corp, JSW Steel, Ratnamani Metals, Jindal Stainless, Hindustan Copper and APL Apollo Tubes were down more than 2 per cent each.
A well-established Newport firm, which played a major role in the £10m Swansea Palace Theatre refurbishment, is looking to grow following investment.
India braces for potential steel dumping and pricing pressure as Trump announces a 25% tariff on steel imports.
The NSE Nifty 50 ended 26.55 points, or 0.12% lower at 23,045.25, and the 30-stock BSE Sensex ended 122.52 points, or 0.16% down at 76,249.54.