Defence stocks continue to remain under selling pressure, with technical and derivative indicators pointing to sustained weakness rather than an immediate turnaround. Anand James, Chief Market Strategist at Geojit Investments, cautions that while the sector is attempting to build a base, bearish signals on higher timeframes and heavy call writing suggest bottom-fishing may be premature … Read more
Investors often pay close attention to where major institutional players, particularly mutual funds (MFs), are allocating their capital, as these investors typically commit funds only after thorough research and due diligence. When the companies they support also deliver robust profit growth, it becomes an added advantage for retail investors. In the September quarter, around 51 … Read more
Shares of Hindalco and Vedanta gained up to 2% during Tuesday’s trading session amid a surge in trade volumes and an optimistic outlook among traders toward the steel sector. The Nifty Metal Index rose 1.10%, adding 114.85 points to trade at 10,582 around 10 am, compared to its previous close of 10,467.15. Among the constituents, … Read more
After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While some investors see this as a short-term consolidation, market expert CA Rudramurthy BV believes the broader trend remains strong and sector rotation could fuel further upside. “See, we have to understand from 24,600 Nifty has … Read more
China is rolling out an “anti-involution” strategy in 2025, a sweeping policy aimed at ending years of cutthroat competition and oversupply in industries from steel and solar to electric vehicles. For Indian investors, the shift could ripple across metals, energy, and renewables, with Reliance Industries, Tata Steel, JSW Steel, and Hindalco among the stocks analysts … Read more
Multiple corporate actions are lined up this week — including record dates for dividends, rights issues, and bonus shares. Nearly three dozen companies will be involved, including Nifty stocks like Titan, JSW Steel, and Sun Pharmaceuticals. Here’s what all is scheduled: Monday, July 7 It will be ex-date and record date for — Dodla Dairy: … Read more
JSW Steel implemented the resolution plan for Bhushan Steel and Power Ltd “in full compliance” and the company is now evaluating all options to reach a legal remedy, including review of the Supreme Court order. On May 2, the Supreme Court rejected the resolution plan submitted by JSW Steel, holding it illegal and in violation … Read more
De-escalation in the US-China trade war sparked a strong rally in Indian metal stocks, which surged over 8% on Monday. The jump came after the world’s two largest economies agreed to significantly ease their tit-for-tat tariffs for a 90-day period. The rally was supported by a sharp uptick in global metal prices, driven by optimism … Read more
Indian benchmark indices closed higher on Friday, marking their third consecutive weekly gain, supported by optimism over a potential India-US trade deal and steady foreign inflows, as foreign portfolio investors continued their buying streak for the 11th straight session. The benchmark BSE Sensex added 259.75 points or 0.32% to close at 80,501.99, while the broader … Read more
Metal stocks surged up to 3% in early trade on the BSE on Tuesday after the Indian government imposed a 12% provisional safeguard duty on certain steel products to curb rising imports, according to a Finance Ministry notification issued on Monday. The shares of Tata Steel surged the highest- by 2.6% to their day’s high … Read more