Moderately valued’ metal stocks shine on bourses

Moderately valued’ metal stocks shine on bourses

Metal stocks were among the top gainers in Monday’s trading session on perceived moderate valuations, and after New Delhi initiated an anti-dumping probe on Vietnamese hot-rolled coil (HRC) imports. The Nifty Metal Index gained 1.87% while the benchmark Nifty advanced 0.13% on Monday. National Aluminium surged 4.35% on Monday followed by Hindalco which gained 4%. … Read more

Nifty Metal Index: Metal stocks rally on China’s realty stimulus, LME gains

Nifty Metal Index: Metal stocks rally on China’s realty stimulus, LME gains

Mumbai: Metal stocks were the top gainers in Tuesday’s trading as China’s new package to rescue its floundering property market boosted sentiment in the sector. The Nifty Metal Index soared 3.9%, while the benchmark Nifty gained 0.1% on Tuesday. Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco … Read more

Why are metal stocks rallying: Explained!

Why are metal stocks rallying: Explained!

Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts: 1. The Nifty Metal index has been … Read more

Metal stocks jump up to 11%; Hindustan Copper, Vedanta & others hit 52-week highs

Metal stocks jump up to 11%; Hindustan Copper, Vedanta & others hit 52-week highs

Metal stocks jumped 11% on Tuesday, led by Hindustan Copper and Hindustan Zinc, amid a slew of triggers like strong Q4 updates and improving manufacturing outlook in the world’s two largest economies – China and USA. The other major gainers were Vedanta and Steel Authority of India (SAIL) which rose over 4.5% in intraday trade. … Read more

metal stocks rally: Metal stocks extend winning streak to 4th session; what’s attracting the bulls?

metal stocks rally: Metal stocks extend winning streak to 4th session; what’s attracting the bulls?

Metal stocks rallied for the fourth consecutive session on Wednesday, which saw the Nifty Metal index hitting a lifetime high. Rollover of positions to the January derivative series and a reversal in the dollar index are aiding the up move in the stocks in the sector. In four sessions, the Nifty Metal index has gained … Read more