[ad_1] Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth. Healthier margins allowed steelmakers to churn out more metal, with production rising to 81.88 million tons, an increase of 6.2% on September and 2.9% higher than last year, according to the statistics bureau […]
Why Metal stocks like Vedanta, SAIL, NMDC are falling on Friday: Explained – CNBC TV18
[ad_1] Shares of Vedanta Ltd., JSW Steel Ltd., Tata Steel Ltd., Steel Authority of India Ltd, NMDC Ltd., among others fell as much as 7% on Friday, ahead of the outcome of China’s National People’s Congress (NPC) Standing Committee meeting. As many as 13 out of the 15 constituents of the Nifty Metal index are […]
Indian Metals shares up 10% on robust Q2 net profit, margin improvement – CNBC TV18
[ad_1] Indian Metals & Ferro Alloys Ltd (IMFA) shares gained 10.3% on Friday, November 8, after the company reported strong earnings for the September quarter. The company’s consolidated profit after tax (PAT) increased swiftly by 40% on a year-on-year (YoY) basis to ₹125 crore in the second quarter of the current financial year, up from […]
Gensol Engineering partners with Matrix Gas & Renewables to develop green hydrogen-powered steel facility – CNBC TV18
[ad_1] Gensol Engineering Ltd on Monday, October 21, said it has partnered with Matrix Gas & Renewables Ltd to develop India’s first and largest green hydrogen-powered steel facility. This initiative, a part of the National Green Hydrogen Mission, aims to revolutionise sustainable steel production by using 100% green hydrogen instead of conventional fossil fuels, Gensol […]
Metal stocks rise despite China stimulus disappointment; Emkay shares top picks – CNBC TV18
[ad_1] Shares of metal companies were trading with gains on Monday, October 14, with names like JSW Steel Ltd., NMDC Ltd., National Aluminium Company Ltd., and Tata Steel Ltd. gaining up to 2% despite China—the world’s top metals consumer—holding back on more aggressive stimulus measures. At a closely watched news conference on Saturday, China’s Minister […]
The Marketbuzz Podcast: Nifty looks for direction ahead of Reliance Industries results – CNBC TV18
[ad_1] Hello and Welcome to the Marketbuzz Podcast on CNBC-TV18. Lets bring you up to speed with everything you need to be aware of before the day’s trading action. All eyes on Reliance Industries results Reliance Industries may announce record date for its bonus issue Nifty looks to breakout from 600-point range […]
Nifty Metal index, stocks outperform in a weak market as China stimulus hopes rise again – CNBC TV18
[ad_1] The Nifty Metal Index is the top sectoral gainer in a weak market in Friday’s trading session. 11 out of the 15 index constituents are currently trading with gains. Stocks like NALCO and NMDC are the top gainers on the Metal index, trading with gains of 3% each. Other names like SAIL, JSPL and […]
These two sectors are possible pockets of opportunity in this volatile market – CNBC TV18
[ad_1] IT and Metal stocks could be potential hiding opportunities for market participants in this currently volatile and choppy market, said Gautam Shah of Goldilocks Premium Research. In an interaction with CNBC-TV18, Shah called the market fall a “difficult corrective phase” and anticipated that it is likely to continue for a while. He stated that […]
Tata Steel Q2 Business Update: Crude steel production, delivery volumes increase 5% each – CNBC TV18
[ad_1] Tata Steel on Monday, October 7 reported its business update for the September quarter. its crude steel production in India stood at 5.27 million tonne in the second quarter of the current financial year (FY25), an increase from 5.02 million tonne in the year-ago period. Delivery volumes for Tata Steel India rose to 5.10 million […]
Nifty Metals Index set for best week since May with stocks gaining up to 15% – CNBC TV18
[ad_1] The Nifty Metal index is among the top sectoral gainers on Friday, September 27, currently trading with gains of 1%. As many as 13 out of the 15 index constituents are currently trading with gains. The Nifty metal index has gained 10% in the last six days after a slew of measures announced by […]