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Shares of metal companies reeled under severe pressure on Monday with the S&P BSE Metal index hitting a 15-month low amid demand slowdown concerns. #MetalStocks #Metals #StockMarket #MarketsWithBS #Markets #StocksInFocus
As #Steelstocks tumbled on Monday, with the #BSE Metal Index falling 8.3%, the most in a single day since March 2020, as companies warned that a new #exporttax on key primary steel products would force them to cut output and postpone #investments.
Steel stocks crashed on Monday, driving down the BSE Metal Index by 8.3%, its biggest single-day fall since March 2020, on new export tax on key primary steel products. #steel #steelstocks #stockmarket
The correlation between BSE Metal index and WPI was on the spot till middle of the year when the former made a top and never recovered.
Metal Stocks - BSE Metal Index has outperformed the benchmark indices in Tuesday's trading session. It has zoomed up to 3.2 per cent on an intraday basis. Hindalco Industries, SAIL, Tata Steel, Jindal Steel and JSW Steel are some of the top gaining stocks within the metal index
Correction in name, It's BSE Metal Index.
S&P BSE Metal index, Hindustan Zinc Ltd (up 1.69%), Tata Steel Ltd (up 0.91%),JSW Steel Ltd (up 0.85%),Steel Authority of India Ltd (up 0.72%),Jindal Steel & Power Ltd (up 0.58%), (1/2)
#Metal #Stocks Advance, S&P BSE Metal #Index Up Nearly 2%
#ETNOWPodcast -#Evergrande roils US markets, too -Rush for risk-off assets -Worst fall for BSE metal since May 2020 -US to soon re-open for #vaccinated travellers All this and more on the #RiseWithIndia podcast @RohitSinghNow
Metal stocks - On Monday, the metal stocks have faced the brunt amid concerns over weak near-term demand from China. The BSE Metal index dropped heavily by 6.8 per cent on an intra-day basis. The metal stocks are likely to be on the radar of investors for Tuesday.
Metal stocks - The metal stocks are likely to be watched as they have slipped in red today. The BSE Metal Index is down by 1.36 per cent and has experienced the highest contraction on Thursday.
BSE Metal index saw a sharp gain of 3.51 percent, followed by power, oil & gas, energy and basic materials indices which rose more than a percent each. Pharma, bank and finance indices declined up to a percent.
#BSWebExclusive| Among sectors, the #metal index recorded robust performance with S&P BSE Metal and Nifty Metal indexes gaining 63 per cent in H1CY21 Deepak Korgaonkar and @nikita_vashisht report #MarketReview #Markets #MidSmallCapIndices #MarketsWithBS