Experts see the real recovery may prove evasive if virus continues to spread
Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore
Nifty Metal index, the largest loser among sectoral indices, was down 2.55 per cent at 2,871 points, trading at its lowest level since June 27, 2017, on the NSE.
As platinum miners curb production, rhodium output will drop, causing prices to rally further, Dawson said
Aluminium products maker to sell 50% stake in its South Korean facility to Kobe Steel for $ 315 mn
Tata Steel, JSPL, SAIL, Vedanta, Hindalco, Hindustan Zinc, Tata Sponge, MOIL and Tata Metaliks were up 2% to 6%
In past four trading session, the S&P BSE Metal index surged 8.5% against 0.94% rise in Sensex.
The S&P BSE Metal index was up 2.2%, extending its 2.7% surge on Tuesday.
Bullion weakens in global markets, but strengthens in India on festival demand
Nifty Metal index was up 1% at 2,623, as compared to 0.15% fall in the Nifty 50 index at 01:47 pm.
Tata Steel, Hindalco Industries, JSW Steel and APL Apollo Tubes hit 52-week highs.
With a proposed total investment of $ 25 million (about Rs 167 crore), the manufacturing unit, to be located at Halol (Gujarat), will have an annual capacity of 240,000 metric tonnes
The 50 MT plant will meet the growing requirement of nickel, the demand for which in the country is around 45,000 MT and is totally dependent on import
The facility will have capacity to produce 9000 MTPA and 3600 MTPA of zinc metal and zinc oxides respectively
Nifty Metal index was down 3% as compared to 0.45% decline in the Nifty 50 index at 02:10 pm.
Metal stocks were among the top gainer with Hindalco leading the gains on talk of takeover of ABML shares
Index heavyweights were the top losers with RIL leading the decline
In past two months, Nifty Metal index zoomed 24% as compared to nearly 10% rise in the Nifty 50.
Nifty Metal index was down 2% as compared to 0.33% decline in the Nifty 50 index at 10:57 AM.
In past one-month, Nifty Metal index outperformed the market by surging 17% as compared to 8% rise in Nifty 50.