Metals

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

Distressing times await metals and OMCs

The govt has levied duties on steel exports to curb inflation. But it came as a setback for the metal and oil marketing companies. Find out the impact of this policy decisions and the sector outlook

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

High input costs leading to margin pressure, lower-than-expected realisations are among downside risks

India is well positioned to benefit from the increased global demand for steel, aluminium and foodgrains -- wheat and rice, said brokerage house ICICI Securities.

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities

Eurometaux has asked EU policy-makers to allow member states to support domestic producers with state aid to ensure supplies of the metals crucial for the transition to low carbon energy

A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.

Gold bulls were ultimately left disappointed even as inflation raged

Foundries usually absorb commodity price rises of 2-3% every year. But in the past one year, prices of several commodities rose 60-150%

Zinc spiked as much as 6.3% to a 14-year high

Aluminium, which is used in everything from car parts to drinks cans and home appliances, had already climbed about 38% this year in London before the coup

Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011

In a Q&A, Koushik Chatterjee, who is also exec director at Tata Steel, says the firm has prepaid Rs 5,800 cr of principal debt in Q1 and is aiming to repeat deleveraging levels of FY21 this year

This week's drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore

Metals cycle is expec­ted to stay strong and aid the company, but prices may top out this fiscal

If Tata Steel's stock does not recover the gap-down range, the downside bias may drag it towards Rs 1040 levels.

Major metal stocks are not witnessing any selling pressure despite trading in the overbought category of RSI

BSE Metal up just 164% since Jan '05 against 645% rally in Sensex

Going forward, analysts at Phillip Capital expect metal companies to report further improvement in operating performance in Q3FY21 results