Page 5 - Nifty Metal Index

Metal prices likely to remain volatile over coronavirus concerns

Analyst reports suggest that margins are likely to contract from the first quarter

Market Wrap, March 20: Sensex jumps 1,628 pts, Nifty ends at 8,745

HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier

SAIL, Vedanta jump up to 7% on rise in steel demand, improved FY21 outlook

Among individual stocks, SAIL soared 6.7 per cent to Rs 29.10 on the NSE, followed by gains in Vedanta, Jindal Steel, and Tata Steel.

Nifty Auto, Metal, Media indices hit 52-wk lows on Coronavirus woes

Nifty Metal index tumbled 6.6 per cent to 2,134, while Nifty Media index slipped 5.5 per cent to 1,518, and Nifty Auto was down 4 per cent to 6,662, as against a 3.9 per cent decline in the Nifty50

Market Wrap, March 3: Sensex snaps 7-day losing streak, gains 480 pts

Sectorally, metal and pharma stocks gained the most. Nifty Metal index climbed 5.6 per cent to 2,321 levels while Nifty Pharma index ended at 7,921, up over 5 per cent

Analysts turn cautious on metal stocks as coronavirus fears escalate

At the bourses, the Nifty Metal index has cracked 12 per cent year-to-date (YTD), as against a 3 per cent dip in the benchmark Nifty50 index till February 25

Oil, nickel and iron gain shine in 2019 as demand worries plague investors

All other base metals, fell by up to 12.3 per cent in 2019. Steel was almost flat, while thermal coal and natural gas were also among big losers.

Metals dip as US to restore tariffs on imports from Brazil, Argentina

Last year, Washington had imposed tariffs of 25 per cent on steel and 10 per cent on aluminium on national security grounds.

Low prices, weak demand, volumes issues led to steel sector's muted Q2 show

Steel companies witnessed a contraction in margins, dragged down by lacklustre demand and lower global commodity prices

Tata Steel, NMDC gain up to 9% on reports Govt may ease captive mine rules

Besides, ease in trade tensions between the United States and China lifted market sentiment.

NMDC, Tata Steel, Vedanta: What do tech charts indicate for metal stocks?

Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.

Jindal Steel, SAIL, Jindal Stainless: 3 metal stocks that can slip further

The Nifty Metal index faces strong resistance at its 100-days moving average, currently located at 3,040 levels. The overall chart formation indicates a breakdown of "Head and Shoulder pattern