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#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
#SharekhanResearch maintains Buy on #MOIL with PT of Rs225; stock’s under-performance to BSE Metal Index could reverse given improved earnings outlook led by vol. growth and turnaround in profitability; val. of 4x FY23E EV/EBITDA is attractive; strong Q4FY21 on higher vol./margin
BSE Metal hit ATH
#HRC steel prices have shot up 60% between July 20 and March 21 while BSE Metal Index rallied 77% over the last 6 months. #Steel #SteelIndustry #StockMarket
On the BSE sectoral front, S&P BSE metal index gained the most surging 151 percent with only one stock (Coal India) ended in the negative territory. Other index stocks added between 69 to 318 percent.
On the sectoral front, the BSE metal index rose 5.4 percent and the power index added 2.7 percent. Also, auto, bank, capital goods, and oil & gas indices rose over a percent each.
Driven by higher metal prices, the past 12 months have been one of the best for investors in metals & mining stocks. The BSE metal & mining index is up 144 per cent since the end of March 2020 @KantKrishna30 reports
In January 2021, among the various sector benchmarks, top gainer was S&P BSE #Auto which rose by 6.3%, whereas S&P BSE Metal fell the most with -4.9% absolute return #BSE #MutualFunds #StockMarket
See Chart of #BSE Metal index Observe Candles